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Which of the following statements about depreciation is false? A. Recording depreciation creates a fund to replace the asset at the end of its useful

Which of the following statements about depreciation is false? A. Recording depreciation creates a fund to replace the asset at the end of its useful life. B. Depreciation is caused by physical wear and tear or obsolescence. C. Depreciation is a process of allocating the cost of property, plant, and equipment over its useful life. D. The cost of a building minus accumulated depreciation equals the building's carrying amount

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