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34. which is not true about depreciation? a. it accounts for the decline in value from physical deterioration functional obsolescence and economic obsolescence b. it

34. which is not true about depreciation?

a. it accounts for the decline in value from physical deterioration functional obsolescence and economic obsolescence

b. it is shown on the profit & loss statement

c. it contains improvements or buildings as well as the land

d. it is tax deductible

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