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Define the following accounting terms: 1. FOB shipping point (2 marks) 2. FOB destination point (2 marks) 3. Depreciation (2 marks) 4. Depreciation Date (1

Define the following accounting terms: 1. FOB shipping point (2 marks) 2. FOB destination point (2 marks) 3. Depreciation (2 marks) 4. Depreciation Date (1 marks) 5. Residual Value (1 marks) 6.Carry Value/Book Value (2 marks)

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