What is the purpose of depreciation does the book value of, Financial Accounting

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What is the purpose of depreciation does the book value of

What is the purpose of depreciation? Does the book value of a fixed asset cost minus accumulated depreciation communicate to a user what the asset is worth? Explain why or why not. Should the financial statements reflect the value of fixed assets? Explain why or why not.

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Financial Accounting: What is the purpose of depreciation does the book value of

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Financial Accounting: What is the purpose of depreciation does the book value of

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