Which of the following statements about depreciation is false?    a) The asset to be depreciated should be among the assets of the enterprise.  B) Proportional depreciation method can be applied for all tangible fixed assets.  NS) For a property, plant and equipment to be depreciated, its economic life must be more than one year.  D) As a result of use, wear, tear, depreciation or obsolescence must be experienced in the tangible asset.  TO) Depreciation is a type of expense that does not require a cash outflow.

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