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The purpose of providing for depreciation in the statement of comprehensive income is to: a. Ensure a charge is made against revenue for the amount
The purpose of providing for depreciation in the statement of comprehensive income is to: a. Ensure a charge is made against revenue for the amount of a non- current asset up in achieving that revenue. b. Reflect net realizable value of the asset in the statement of financial position C. Ensure funds are available to purchase new assets to replace those disposed of d. Reflect the duality concept
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