Mix Topics - Part 1

In accounting, depreciation primarily represents:

Type: MCQ • Marks: 1
In accounting, depreciation primarily represents:
Options
A. Increase in the market value of an asset
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
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UPSC Principal & Vice Principal Management Finance Administration

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