The Purpose of Depreciation Is to

Multiple Choice

The purpose of depreciation is to

A) Recognize the reduced usefulness of an asset.
B) Adjust the ledger account balances for assets to equate to their current market value.
C) Adjust the carrying value of an asset to market value.
D) Measure the change in an asset's value.
E) Allocate the asset's cost to the periods benefiting from its use.