Which of the following statements about depreciation are true? Please select all that apply.
A) Depreciation is an application of the accruals basis of accounting.
B) Depreciation is a way of saving up for a replacement asset.
C) Depreciation is not a cash flow.
D) Depreciation is a deduction from the cost of a non-current asset that is charged as an expense in the statement of profit or loss each year.
Correct Answer:
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