The purpose of depreciation accounting is to: Select one: A. Accumulate funds to replace a plant asset at the end of its useful life B. Have a plant asset's book value equal its initial cost by the end of its useful life C. Reflect changes in the current value of a plant asset over its useful life D. Allocate a plant asset's cost, less its salvage value, to expense over the asset's useful life
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Home » Business » The purpose of depreciation accounting is to: Select one: A. Accumulate funds to replace a plant asset at the end of its useful life B. Have a plant asset's book value equal its initial cost by the end of its useful life C.