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question 26 The purpose of depreciation is to: Recognize the reduced usefulness of an asset. Adjust the carrying value of an asset to market value.

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The purpose of depreciation is to: Recognize the reduced usefulness of an asset. Adjust the carrying value of an asset to market value. O Allocate the cost of an asset over the periods of time it benefits. Adjust the ledger account balances for assets to equate to their curre value

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