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Match the statements with the right answer. Column A Column B 1. When charging depreciation, account is a. obsolescence 2. debited, and account 15 credited.

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Match the statements with the right answer. Column A Column B 1. When charging depreciation, account is a. obsolescence 2. debited, and account 15 credited. Discarding the oid machinery due to the new b. Fixed invention is called 3 In the Straight line method, the annual amount c. Unlirnited of depreciation remains in comparison to the diminishing balance method. d. Intangble assets 4. Amortization is gradual and systematic writing off of e. Depreciation Asset 5. The land is not depreciated as its useful life is

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