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8-6 Accumulated depreciation is a sum of cash being accumulated for the replacement of fixed assets. Do you agree? Explain. 8-8 Criticize the following statement:

8-6 Accumulated depreciation is a sum of cash being accumulated for the replacement of fixed assets. Do you agree? Explain. 8-8 Criticize the following statement: Depreciation is the loss in value of a fixed asset over a given span of time. 8-10 Accelerated depreciation saves cash but shows lower net income. Explain

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