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Depreciation can be defined as: (There can be more than one correct answer) The accounting expense in which a fixed assets original cost is recognized
Depreciation can be defined as: (There can be more than one correct answer)
The accounting expense in which a fixed assets original cost is recognized over the useful life of the asset | ||
A reduction in value of fixed assets due to obsolescence | ||
Decline in the value of a company | ||
The reduction in goodwill associated with the purchase of an intangible asset |
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