Describe the nature of depreciation, Accounting Basics

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Describe the nature of depreciation

Response to the following questions:

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

b. Describe the nature of depreciation as the term is used in accounting.

If possible, please give examples to better understand your answers.

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Accounting Basics: Describe the nature of depreciation

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Accounting Basics: Describe the nature of depreciation

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