Depreciation continues to be one of the most important areas in accounting. Explain the conventional concept of depreciation accounting. Discuss its conceptual merits with respect to:
The Value of the asset.
The charge(s) to expense.
The discretion of management in selecting the method
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-Depreciation is defined as the reduction in the value of a product as time passes due to use or abuse, wear and tear. Depreciation is a ...
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