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1.)Discuss the meaning of depreciation and describe how it is treated on the balance sheet and income statement. Discuss how it impacts the repayment capacity

1.)Discuss the meaning of depreciation and describe how it is treated on the balance sheet and income statement. Discuss how it impacts the repayment capacity for a firm.

2.)Why do accountants usually value assets at cost and not market value?

3)Why is it important for the gross margin to exceed the operating expenses and interest expense?

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