Explain in brief the accumulated depreciation
Explain in brief the accumulated depreciation?
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Depreciation is defined as the allotment of an asset's initial cost over time. The total of all the depreciation expense that has been found till the particular date is the Accumulated depreciation.
Explain the dissimilarities in a cash budget and pro forma financial statements? Why pro forma financial statements are not utilized to forecast cash requirements.
Give explanation: The banks try to make short-term self-liquidating loans to businesses.
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