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1. What is depreciation? 2. Explain the factors necessary to calculate depreciation. 3. Define the depreciation methods. 4. What is impairment? When does a company

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1. What is depreciation? 2. Explain the factors necessary to calculate depreciation. 3. Define the depreciation methods. 4. What is impairment? When does a company compute impairment loss? 5. What is amortization? 6. What is a statement of casflows? Why do we prepare a statement of cashflows? 7. Describe operating, investing and financing activities

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