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ACC 422 Week 3 DQ 1

ACC 422 Week 3 DQ 1
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Week 3 – DQ 1

What is the purpose of depreciation?

Does the book value of a fixed asset (cost minus accumulated depreciation) communicate to a user what the asset is worth? Explain why or why not.

Should the financial statements reflect the value of fixed assets? Explain why or why not.

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