B. Systematic allocation of the depreciable amount of a tangible asset over its useful life
C. Creation of a cash reserve for asset replacement
D. Immediate recognition of the entire purchase cost as revenue expenditure
Explanation
Depreciation allocates the depreciable amount of a tangible asset systematically over its useful life. It is fundamentally an accounting allocation, not a cash outflow.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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