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1. What are the two major types of depreciation? 2. What is meant by the depreciable cost of a plant asset? 3. How should additions

1. What are the two major types of depreciation? 2. What is meant by the "depreciable cost" of a plant asset? 3. How should additions or improvements representing an increase in the usefulness of plant assets be entered? 4. When a plant asset is sold, what must be known about the asset in order to determine the proper amount of gain or loss on the sale?

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