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1. What is the purpose for calculating the depreciation expense? 2. What is the relationship between depreciation expense and accumulated depreciation? 2. What is the

1. What is the purpose for calculating the depreciation expense?

2. What is the relationship between depreciation expense and accumulated depreciation?

2. What is the accounting principle you are complying when you calculate depreciation expense?

3. How does the depreciation expense impact the financial statements?

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