The accounting purpose of depreciation is that it:

(i) produces cash for non-current (fixed) asset replacements

(ii) is an allocation of the cost of non-current (fixed) assets over their period of use

(iii) is a part of the cost of financial charges

(iv) is a measure of the consumption of a non-current (fixed) asset 

Which of the above statements is/are correct?

(a) (i) and (ii) only

(b) (i) and (iii) only

(c) (ii) and (iii) only

(d) (ii) and (iv) only