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Depreciation expense is the reduction in value of an asset broken up over time. Accumulated depreciation is the total of the depreciation expense taken each year from the time the asset was purchased and is still owned.
#6Comment on why inflation may restrict the usefulness of the balance sheet as normally presented...
        
        
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Accumulated depreciation is the total of the depreciation expense taken each year from the time the asset was purchased and is still owned.
#6Comment on why inflation may restrict the usefulness of the balance sheet as normally presented.
Most of the values on the balance sheet are based on historical or original costs...
        
        
            Essay fragment
        
    
                
            General points of the essay
            
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