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Accounting

When determining the amount of depreciation to be used in the operations section, it is better the use the information from which area:

a. Balance sheet under the change in accumulated depreciation

b. Income statement under the depreciation expense amount

c. In the Statement of Retained Earnings as a note to amount written-off for assets that had been sold.

d. Under "Other Gains and Losses" because of assets that had been sold and written-off.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M989784

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