Respuesta :
Option D
The purpose of depreciation accounting is to: Allocate a plant asset's cost, less its salvage value, to expense over the asset's useful life
Explanation:
Depreciation accounting is an effort to designate, regularly and logically, the distinction within an asset's primary cost by the conclusion of its valuable life and salvage value above the expected beneficial life of the asset. In accounting, depreciation is the assigning or designating of the cost of a plant asset to expense in the accounting periods that are inside the asset's valuable life.
There are various methods to lessen assets for your records or financial accounts, but the IRS simply provides one method of practicing depreciation on your tax return.
The purpose of depreciation accounting is to Option D. Allocate a plant asset's cost, less its salvage value, over the asset's useful life
What is depreciation?
Depreciation is the non-cash expense that should be charged on the fixed assets per year. It is an expense so it should be shown in the income statement on the debit side. Here the motive of the depreciation is to distribute the cost of the asset by subtracting the salvage value and then dividing it by the useful life.
Therefore, The purpose of depreciation accounting is to Option D. Allocate a plant asset's cost, less its salvage value, over the asset's useful life
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