Most Companies Make Adjusting Entries for Depreciation Because

Multiple Choice

Most companies make adjusting entries for depreciation because:

A) Their plant assets lose market value over time.
B) The matching concept must be upheld in financial statements.
C) Both their plant assets lose market value over time and the matching concept must be upheld in financial statements.
D) Neither their plant assets lose market value over time nor the matching concept must be upheld in financial statements.