1.The purpose of depreciation is to: a. match an assets cost per year to the depreciable base divided by the number of years the asset is expected to be in service. b. none of the above. c. match an assets cost to the revenue that the asset helps the company produce each year. d. provide a tax deduction over several years.

2. Which of the following statements about the accumulated depreciation account is correct? a. It appears on the income statement and represents the total depreciation expense taken in the current year. b. It appears on the balance sheet and represents the total depreciation expense taken in the current year. c. It appears on the income statement and represents the total depreciation expense taken in all years to date. d. It appears on the balance sheet and represents the total depreciation expense taken in all years to date.