Question: 1. and 2. What is the difference between depreciation expense and accumulated depreciation? Why does the book value of an asset never go below the

1. and 2. What is the difference between depreciation expense and

1. and 2.

What is the difference between depreciation expense and accumulated depreciation? Why does the book value of an asset never go below the residual value? Compare the straight-line method to the units-of-production method. Should both methods be based on the passage of time

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