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Question 1: What is the purpose of accrual accounting in depreciation? Question 2: How does accrual accounting impact financial statements in terms of depreciation? Question

Question 1:

What is the purpose of accrual accounting in depreciation?

Question 2:

How does accrual accounting impact financial statements in terms of depreciation?

Question 3:

Can you explain how accrual accounting handles depreciation expenses over time?

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