Question

The objectives of providing depreciation is:

• A. To ascertain the accurate profit and loss.
• B. To ascertain correct cost of production
• C. To retain funds for replacement.
• D. All of the above

Answer 1

The correct option is D All of the above

The objectives of providing depreciation is:
a. To ascertain the accurate profit and loss.
b. To ascertain correct cost of production
c. To retain funds for replacement.