Just answer

Depreciation expense to be recorded in the profit or loss statement should be an amount that: Select one: a. reduces the carrying amount of an asset, based on the change in fair value of the asset. b. reflects the past use of the asset since the date the asset was initially recognised. c. is allocated to profit or loss, based on the cost of an asset across its useful life. d. reflects the change in value of an asset due to advances in technology