Question

What is the principal purpose of charging depreciation on non-current assets?​

Answer 1

Answer:

Depreciation in Matching Concept of Accounting:

This implies that the cost of a non-current asset is not written off all in the income statement at once. Instead, depreciation is charged in the income statement over the asset's estimated useful life to “match” its cost with the benefits, it produces.

Answer 2

Explanation:

depreciating in matching concept of accounting : this implies that the cost of a non current asset is not written off all the income statement at once is depreciating is charged in the income statement over the assets estimated useful life too match its cost with the benefits it produces .