A company should choose a depreciation method that: Group of answer choices
Best allocates the original cost of the asset to the periods benefited by the use of the asset
Saves the most taxes
Shows the highest amount of net income
Minimizes net income

Option A

A company should choose a depreciation method that: Best allocates the original cost of the asset to the periods benefited by the use of the asset

Explanation:

Depreciation expense is utilized in accounting to allow the price of a substantial asset aloft its beneficial life. Depreciation for accounting objectives leads to the allocation of the value of assets to times in which the assets are handled.

Frequently, the price is designated as depreciation expense amid the times in which the asset is supposed to be utilized. Such expense is identified by businesses for financial recording and tax proposals. Organizations can pick a purpose that designates asset cost to accounting terms according to gains obtained from the use of the asset.

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income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.