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Question 16 Depreciation is the process of allocating the cost of a plant asset to expense in the accounting periods benefiting from its use. O

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Question 16 Depreciation is the process of allocating the cost of a plant asset to expense in the accounting periods benefiting from its use. O True False Question 17 One of the criticisms of depreciation is its heavy dependence on estimations. O True False Question 18 A journal entry to record reversal of impairment loss include a debit to Recovery of Impairment Loss. O True O False

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