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Which of the following statements about depreciation is not true? a. Depreciation helps companies estimate the cost of doing business b. U.S. tax law permits

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Which of the following statements about depreciation is not true? a. Depreciation helps companies estimate the cost of doing business b. U.S. tax law permits deductions from taxable income for depreciation c. Depreciable property may be tangible or intangible d. Depreciation is a cash flow that is recognized as an expense to a business

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