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Need help on these short answers 1. Briefly explain the accounting concept of Depreciation to your 13-year old niece. Provide one example she could relate

Need help on these short answers

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1. Briefly explain the accounting concept of Depreciation to your 13-year old niece. Provide one example she could relate to. 2. What is the difference between accrual and cash basis of accounting? Provide one numeric example to illustrate

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