Is depreciation a source of fund give reason?
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yes, depreciation fund is source of fund at the time of purchasing new machinery.
when company purchase new machinery it calculate depreciation every year and amount of depreciation is collected till the time of purchasing new machinery.
thus depreciation fund help at the time of purchasing new machinery.
when company purchase new machinery it calculate depreciation every year and amount of depreciation is collected till the time of purchasing new machinery.
thus depreciation fund help at the time of purchasing new machinery.
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