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which of the following statements is true? a. land, buildings and equipment should be depreciated over the period of time they benefit the firm b.

which of the following statements is true?

a. land, buildings and equipment should be depreciated over the period of time they benefit the firm

b. most companies use accelerated depreciation for financial reporting purposes

c. Book value is equal to the original cost of a fixed asset plus any accumulated depreciation to date

d. the process of depreciation is a method of rational allocation of the cost of long-lived assets to the Future periods benefited

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