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Chennai Petroleum Corporation Ltd 1 Locate any two Accounting concepts application in the Annual Report (2019-20) of the company. Explain in detail The importance of

Chennai Petroleum Corporation Ltd

1 Locate any two Accounting concepts application in the Annual Report (2019-20) of the company. Explain in detail

The importance of depreciation that allows for companies to recover the cost of an asset cannot be overlooked. A company is free to adopt the most appropriate depreciation method for its business operations.

Locate the method of depreciation in the Annual Report (2019-20) of the company Chennai Petroleum Corporation Ltd and explain the reason for adoption.

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