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(a) As an asset loses its ability to provide services, cash needs to be set aside to replace it. Depreciation accomplishes this goal. Do you

(a) As an asset loses its ability to provide services, cash needs to be set aside to replace it. Depreciation accomplishes this goal. Do you agree/disagree? Please explain why and illustrate with reference to an example.

(b) Companies can distribute both cash dividends and share dividends. What are the major differences between these two types of dividends? Explain with reference to an example.

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