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What is the purpose of GAAP depreciation? To match the revenue that a long-term asset will generate with the expenses to maintain that asset across
What is the purpose of GAAP depreciation? To match the revenue that a long-term asset will generate with the expenses to maintain that asset across multiple years To allocate the revenue that a long-term asset will generate across multiple years To allocate the cost of a long-term asset across multiple years To ensure accurate fair market values for long-term assets on the balance sheet To match the cost of a long-term asset with the revenue it will help to generate
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