If depreciation reduces profits and reduces the value of assets and so reduces the capital account of

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If depreciation reduces profits and reduces the value of assets and so reduces the capital account of the owner, why do businesses bother providing for depreciation?

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Frank Woods Business Accounting Volume 1

ISBN: 9781292084664

13th Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: Mar 28, 2024 03:30 AM

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If depreciation reduces profits and reduces the value of assets and so reduces the capital account of

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Firstly financial statements must show a true and fair view of the financial perfor...View the full answer

Frank Woods Business Accounting Volume 1

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