Question

The objectives of providing depreciation include:

• A. To ascertain in true financial performannce
• B. To Ascertain true financial position
• C. To ascertain true cost of production
• D. To comply with legal requirements
• E. To accumulate funds for replacement of assets
• F. All of above

Answer 1

Answer: (F)

All of above

The objectives of providing depreciation include:-

1) To ascertain in true financial performance.

2) To ascertain true financial position.

3) To ascertain true cost of production,

4) To comply with legal requirements.

5) To accumulate funds for replacement of assets.