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Marks : 10 (2+2+2+4) Question # 03 Answer the following questions 1. What is depreciation 2. What is the purpose of charging depreciation in income

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Marks : 10 (2+2+2+4) Question # 03 Answer the following questions 1. What is depreciation 2. What is the purpose of charging depreciation in income statement 3. What are the methods of calculating depreciation 4. Out of the methods of depreciation you discussed, which method you consider best and why

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