The main object of providing depreciation is ___

To calculate Net Profit

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To show previous profit

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To satisfy Tax Department

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To reduce tax

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Solution

The correct option is A
To calculate Net Profit

The main object of providing depreciation is to calculate Net Profit.

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Similar questions

Non-cash expenses like depreciation, depletion & amortization expense are _______ to net profit before tax under indirect method.

Why is depreciation added back to net profit to find out operating profit?

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