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a. What are Plant Assets? Explain the methods used to measure the decrease in value of plant assets. b. What is Inventory Management System? Explain

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a. What are Plant Assets? Explain the methods used to measure the decrease in value of plant assets. b. What is Inventory Management System? Explain which type of inventory system is suitable for which type of business. Examples. c. Explain Accruals and Deferrals with appropriate examples

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