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a.Explain the conventional accounting concept of depreciation accounting. As part of your explanation, don't forget cost basis. b.Discuss depreciation conceptual merit with respect to i.The

a.Explain the conventional accounting concept of depreciation accounting. As part of your explanation, don't forget cost basis.

b.Discuss depreciation conceptual merit with respect to

i.The value of the asset

ii.The charge(s) to expense

iii.The discretion of management in selecting the method

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