Answer:
The correct answer is letter "C": Allocate the asset's cost to the periods benefiting from its use.
Explanation:
Depreciation indicates how much the worth of the asset has been used up. It also tries to balance the expense of the asset to the revenue that the asset allows the company to gain meaning it helps to assign the cost of the asset compared to the profit it contributed to creating. Used as a deduction of income tax, the depreciation measure gives companies an annual allowance for the use and deterioration of a capital asset.
