What is the primary purpose of depreciation in accounting?
A) To reduce taxable income
B) To allocate the cost of a tangible asset over its useful life
C) To provide a cash flow statement
D) To measure the market value of an asset
A) To reduce taxable income
B) To allocate the cost of a tangible asset over its useful life
C) To provide a cash flow statement
D) To measure the market value of an asset