It is important to provide allowances for the depreciation of capital assets in order to
safeguard an economy's wealth.

Name: It is important to provide allowances for the depreciation of capital assets in order to safeguard an economy's wealth.
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Question

It is important to provide allowances for the depreciation of capital assets in order to
 safeguard an economy's wealth.

Quizplus · Accepted Answer

Depreciation accounting ensures that the true value of an economy's capital assets is reflected in financial statements and helps to safeguard its wealth by providing for their eventual replacement or upgrade.

It Is Important to Provide Allowances for the Depreciation of Capital