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Depreciation: Multiple Choice Measures the decline in market value of an asset. Is an outflow of cash from the use of a plant asset. Is

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Depreciation: Multiple Choice Measures the decline in market value of an asset. Is an outflow of cash from the use of a plant asset. Is applied to land. Measures the decline in market value of an asset. Is an outflow of cash from the use of a plant asset. Is applied to land. Is the process of allocating the cost of a plant asset to exmense while it is in use. Measures physical deterioration of an asset

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