COMPOSITE DEPRECIATION Definition

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COMPOSITE DEPRECIATION is the grouping of similar assets or dissimilar assets within the same class together for the purpose of computing a single depreciation rate to be applied to all assets within the group.

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BRANCH ACCOUNTING is accounting for geographically separated sections of enterprises. The accounting system adopted depends upon the degree to which the branch is controlled from its head office.

WAYBILL is a document prepared by a carrier for a shipment of goods that contains details of the shipment, route, and charges. 

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