Depreciation is used to _____.
A)establish the current market value of an asset
B)allocate the original cost of an asset to particular periods or products
C)accumulate funds to replace an asset
D)all of these answers are correct

Question

Quizplus · Accepted Answer

Depreciation is the allocation of the original cost of an asset to particular periods or products over its useful life. This means that it is a method of spreading the costs of an asset over its useful life, and not establishing its current market value or accumulating funds to replace it.

Depreciation Is Used to _____