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The purpose of depreciation accounting is to: Select one: A. Reflect changes in the current value of a plant asset over its useful lifeB. Accumulate
The purpose of depreciation accounting is to:
Select one:
A. Reflect changes in the current value of a plant asset over its useful lifeB. Accumulate funds to replace a plant asset at the end of its useful lifeC. Allocate a plant asset's cost, less its salvage value, to expense over the asset's useful lifeD. Have a plant asset's book value equal its initial cost by the end of its useful lifeE. None of the above
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