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I dont know these 4. Explain the concepts of depreciation, amortization, and depletion. Why is it necessary to move these costs from the balance sheet

I dont know these
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4. Explain the concepts of depreciation, amortization, and depletion. Why is it necessary to move these costs from the balance sheet to the income statement? 5. Explain the rules for the reporting of contingent liabilities. Why do we report contingent liabilities but not contingent gains

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