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Explain the purpose of the two accounts depreciation

(a) Explain the purpose of the two accounts: Depreciation Expense and Accumulated Depreciation.

(b) What is the normal balance of each account?

(d) In what financial statements, if any, will each account appear?

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Accounting Basics: Explain the purpose of the two accounts depreciation

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Accounting Basics: Explain the purpose of the two accounts depreciation

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