Explain what is depreciation to someone who doesn't know anything about accounting. How does depreciation...
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Accounting
- Explain what is depreciation to someone who doesn't know anything about accounting. How does depreciation relate with the market value of an asset like a brand new automobile.
- What is GAAP --What does it mean? Why is it important? Does GAAP make comparing different companies possible? Name two characteristics of GAAP.
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