The most important objective for depreciation expense is:
A) accuracy.
B) classification.
C) cutoff.
D) disclosure.

Question

Quizplus · Accepted Answer

The most important objective for depreciation expense is accuracy, as it is essential to ensure that the recorded depreciation expense is an accurate representation of the decrease in value of the asset over its useful life. This is important for financial reporting and decision-making purposes. While classification, cutoff, and disclosure are also important considerations in accounting, they are not the primary objective for depreciation expense.

The Most Important Objective for Depreciation Expense Is