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What is the reasoning behind charging depreciation in financial accounting? A) To ensure funds are available for the eventual replacement of the asset. B) To
What is the reasoning behind charging depreciation in financial accounting?
A) To ensure funds are available for the eventual replacement of the asset.
B) To comply with the consistency concept.
C) To match the cost of the non-current assets to the revenue that the asset generates
D) To ensure that the asset is included in the Statement of Financial Position (Balance Sheet) at the lower of cost and net realisable value.
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