Question: 1 . 1 Indicate differences or similarities between Book value and Market value 1 . 2 Define depreciation and explain its role in financial accounting.

1.1 Indicate differences or similarities between Book value and Market value 1.2 Define depreciation and explain its role in financial accounting. (4)(2)1.3 Suggest FOUR instances that you would utilize to determine whether a piece of property is depreciable. (4)

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