Which of the following statements accurately describes depreciation?
a. depreciation is...
Which of the following statements accurately describes depreciation?
a. depreciation is used to track the fair value of the asset
b. depreciation is used to allocate the cost of the asset over periods benefited
c. the book value of an asset is its original cost less accumulated depreciation
d. two of the above are correct
e. all of the above are correct
my professor states that the answer is d, but why? which two?
Answers: 2
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