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Please discuss the difference between the terms devaluation and depreciation.
Accounting Equation
The fundamental equation of double-entry bookkeeping that states assets equal liabilities plus equity, serving as the foundation for a balance sheet.
Owner's Equity
The total value of assets owned by the proprietor of a company after all debts have been subtracted.
Balance Sheet
A delineation of a company's financial status including assets, liabilities, and shareholders' equity at an exact point in time.
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