Does Depreciation Generate Funds For Replacement Of Assets?
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Depreciation: Meaning and Methods of Providing Depreciation Depreciation is the allocation of the depreciable amount of an asset over its estimated useful life. ... Depreciation does not mean money set aside for the future replacement of assets. It is provided to match the use of asset, its deterioration and obsolescence with the income it generates.
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yes depreciation generates funds for replacements of assests
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