O-LevelAccountingAccounting principles and policies7707/12 · Oct/Nov 2023 · Q161 Mark
Why are non-current assets depreciated? 1 to avoid overstating the value of non-current assets 2 to charge the cost of an asset as an expense over its lifetime 3 to comply with the accounting principle of historic cost 4 to match capital expenditure against the income it has helped earn
A1, 2 and 4
B1, 3 and 4
C1 and 3 only
D2 and 3
✓ Correct answer
A: 1, 2 and 4
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