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1.)Why do accountants usually value assets at cost and not market value? 2.)Discuss the meaning of depreciation and describe how it is treated on the

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

2.)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.

3.)What are the primary differences between cash flow and income statements?

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

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