Which of the following is INCORRECT regarding depreciation? ...
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Accounting
Which of the following is INCORRECT regarding depreciation?
| a) It is not a matter of valuation.
| ||
| b) It is part of the matching of revenues and expenses.
| ||
| c) It is a means of cost allocation.
| ||
| d) It is an attempt to reflect the fair market values of the related assets. |
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