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Which of the following best describes the objective of depreciation? To estimate the current market value of the asset. To allocate the cost (expense) of

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Which of the following best describes the objective of depreciation? To estimate the current market value of the asset. To allocate the cost (expense) of PPE to the periods in which its use contributes to earning revenue. To take the full cost of a PPE purchase as an expense in the year you purchase the PPE, To estimate the remaining useful life of the asset

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