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Exercise 11.15 DECLINE IN VALUE OF ASSETS A new accountant has been appointed to the firm of Gutenberg Ltd, which owns a large number of

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Exercise 11.15 DECLINE IN VALUE OF ASSETS A new accountant has been appointed to the firm of Gutenberg Ltd, which owns a large number of depre- ciable assets. Upon analysing the firm's depreciation policy, the accountant has implemented a new policy based on the principle that the depreciation rate for particular assets should measure the decline in the value of the assets. Discuss this policy change

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