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    Question

    Which of the following statements is

    correct?
    A The main objective of providing depreciation is to create secret reserves. Correct Answer Incorrect Answer
    B The main objective of providing depreciation is to reduce the book value of assets. Correct Answer Incorrect Answer
    C The main objective of providing depreciation is to allocate the cost of assets. Correct Answer Incorrect Answer
    D The main objective of providing depreciation is to inflate profit. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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