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Question 1 Depreciation is useful for businesses because it reserves fund to replace PP&E when they are removed from service. O True O False Question
Question 1 Depreciation is useful for businesses because it reserves fund to replace PP&E when they are removed from service. O True O False Question 2 If depletion rate per unit is 2 and the extracted amount of mineral is 600 tons. Then, depletion expense for the year is $300. True False Question 3 Depletion is the term used to describe the expiration of intangible assets. O True O False
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