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Question 3 (a) The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful

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Question 3 (a) The term depreciation refers to an accounting method used to allocate the cost of a tangible or physical asset over its useful life or life expectancy. Explain the THREE (3) causes of depreciation. Explain your answer by referring to relevant examples. (6 marks) (b) Explain the reasons of provisions of doubtful debts? marks) (4 (c) Distinguish the difference between revenue and capital expenditure. Provide examples to support your answer. (10 marks) (d) Explain the difference between credit note and debit note. Provide example to support your answer. (5 marks) [Total: 25

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