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Question 26 Which is the TRUE statement regarding depreciation? Depreciation in accounting is the process of allocating to expense the cost of an asset

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Question 26 Which is the TRUE statement regarding depreciation? Depreciation in accounting is the process of allocating to expense the cost of an asset over its service life. O Depreciation in accounting records the decrease in value of an asset O Depreciation is useful to determine the market value of an asset O Depreciation is paid each month. 1 pts 1 pts

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