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QUESTION 5 (a) Explain how management can use depreciation as a tool to influence the reported earnings of a business. [4 marks] (b) Discuss the

QUESTION 5 (a) Explain how management can use depreciation as a tool to influence the reported earnings of a business. [4 marks] (b) Discuss the need for inflation accounting. Explain Current Cost Accounting (CCA) and Current Purchasing Power (CPP) accounting. [6 marks]

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