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Please, answer following questions. No numerical calculations required. 2. What are the Requirements for Depreciation? 3. Write your understanding of 'Time & Value-Based Depreciation' 4.

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Please, answer following questions. No numerical calculations required.

2. What are the Requirements for Depreciation? 3. Write your understanding of 'Time & Value-Based Depreciation' 4. Differentiate 1. Straight-line Depreciation vs Declining Balance Depreciation

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