The purpose of depreciation accounting is to: Select one: A. Accumulate funds to replace a plant asset at the end of its useful life B. Have a plant asset's book value equal its initial cost by the end of its useful life C. Reflect changes in the current value of a plant asset over its useful life D. Allocate a plant asset's cost, less its salvage value, to expense over the asset's useful life

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

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.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.