Please answer with detailed and good reasons as why the chosen option is right and why other options are wrong also make sure the answer is 100% correct, else leave it for the other tutor to answer. Otherwise i will downvote the answer and report it for unprofessionalism for sure. Please don't use AI or Chat GPT also make sure there is no plagiari.sm. QUESTION:

Depreciation of factory equipment What is the primary purpose of cost accounting? a) To prepare financial statements for external reporting b) To record historical costs for inventory valuation c) To provide information for internal decision-making d) To calculate taxes payable by the company