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Please read and respond to the question listed below. Your response should be at least two sentences. Expand upon your answer. Explain the concept of

Please read and respond to the question listed below. Your response should be at least two sentences. Expand upon your answer.

Explain the concept of depreciation in accounting as well as its importance. Give examples. What is depletion and provide examples of assets for which depletion is recorded? Give examples of when and where depletion is used.

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