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  3. the purpose of depreciating an asset is to: group

The purpose of depreciating an asset is to: Group of answer choices recognize...

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Question

Accounting

The purpose of depreciating an asset is to:

Group of answer choices

recognize the decrease in market value of the asset

match the cost of the asset with the revenue it helps generate

ensure that land is correctly stated on the balance sheet

ensure that the asset's market value is adjusted higher as the asset's value increases

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