The purpose of depreciation accounting is to A) Reflect changes in the current value of a plant asset over its useful life B) Accumulate funds to replace a plant asset at the end of its useful life C) Allocate a plant asset's cost, less its salvage value, to expense over the asset's useful life D) Have a plant asset's book value equal its initial cost by the end of its useful life E) None of the above 2. The depreciation method that does not consider the residual value in calculating depreciation expense is: A) unit depreciation B) straight-line C) double-declining balance D) a., b. 3. How is the gain (loss) on a plant asset sale calculated? A) Asset sale price - Asset purchase cost B) Asset market value -Asset sale price C) Asset sale price -Book value on balance sheet D) Asset sale price-Total accumulated depreciation