Just give the final answer as soon as possible. Thanks Question 1 1 pts Which of

Question

Just give the final answer as soon as possible. Thanks

Question 1 1 pts Which of the following best describes the purpose of depreciation expense? O To measure the change in market value of the asset. O To allocate the cost of the asset over its useful life. O To measure the change the asset. in replacement cost of All of the other answers are reasons to record depreciation expense. Question 2 1 pts The residual value is NOT directly used for the calculation of depreciation expense under which method? units-of-activity method. interest capitalisation method. straight-line method. diminishing balance method

Explanation / Answer

Answer 1

To allocate the cost of the asset over its useful life

This is because of the matching principle to link revenues and expenses.

Answer 2

interest capitalisation method

All the other given methods require the residual value directly for the calculation of depreciation expense.

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