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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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