The purpose of recording depreciation expense is to Select o

The purpose of recording depreciation expense is to:

Select one:

A. Provide cash necessary to replace long-lived fixed assets when they are used up

B. Match expenses with revenues

C. Record the Balance Sheet amount of fixed assets at their replacement value

D. None of the above

Solution

Answer is C . The purpose of recording depreciation expense is to record the balance sheet amount of fixed assets at their replacement value.