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The main obje...

Question

The main objective of providing depreciation is

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Solution

(a) Calculate the true profit
(b) Show the true financial position in the Balance Sheet
(c) Provide funds for replacement of fixed assets
(d) Both (a) and (c)
Correct option: (d) Both (a) and (c)
The main objective of providing depreciation is to calculate the true profit and provide funds for replacement of fixed assets.

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