Describe the nature of depreciation as it is used in, Accounting Basics

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Describe the nature of depreciation as it is used in

Problem

a) Does the recognition of depreciation in the accounts provide a special "cash fund" for the replacement of fixed assets? Explain your answer.

b) Describe the nature of depreciation as it is used in accounting (what does it accomplish?).

c) Which types of assets are amortized? Give some examples.

d) Which types of assets are depleted? Give some examples.

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Accounting Basics: Describe the nature of depreciation as it is used in

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Accounting Basics: Describe the nature of depreciation as it is used in

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