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4. Why is the rule for debit and credit entries the same for liabilities and owners equity account? (1 point) 5. What is the purpose

4. Why is the rule for debit and credit entries the same for liabilities and owners equity account? (1 point)

5. What is the purpose of an accumulated depreciation account? (1 point)

6. Explain how the net book value of a depreciable asset is determined.(1 point)

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