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Entities charge depreciation each year in the statement of profit or loss. Which...

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Entities

charge depreciation each year in the statement of profit or loss. Which of the following statement best describes depreciation?

To reduce the profit and thus the dividends they

can pay to shareholders

0%

To ensure there is enough money in the firm to

replace the asset

0%

To spread the cost of the asset over its working

life

0%

Because the law states they must depreciate all

assets held

0%

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