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What is the primary reason for a business to record a depreciation charge?
- To ensure enough funds are available to replace the asset at the end of its life
- To allocate the cost of the asset across the specific periods that benefit from its use
- To ensure every asset is treated consistently based on the consistency principle
The core purpose of depreciation is the matching principle: charging the cost of a non-current asset to the periods it helps generate revenue. It does not guarantee cash for replacement, nor is it purely about the consistency concept itself.
A person who sells goods and services is called a:
A 'vendor' is someone who sells goods or services. A 'consumer' or 'purchaser' buys them. A 'patron' is a regular customer or financial supporter.
Wilms' Tumor (Nephroblastoma) — most common renal malignancy in children (peak age 3–4 years).
Classic presentation:
- Asymptomatic abdominal mass (discovered by parent/during bath)
- Painless gross hematuria
- Hypertension (renin secretion)
- Child appears well (unlike neuroblastoma — ill-appearing)
Important physical examination note: DO NOT palpate the abdominal mass repeatedly — risk of tumor capsule rupture and metastatic seeding.
Associations:
- WAGR syndrome: Wilms' + Aniridia + Genitourinary anomalies + mental Retardation (WT1 gene mutation)
- Beckwith-Wiedemann syndrome
- Hemihypertrophy
Staging and Treatment:
| Stage | Description | Survival |
|---|---|---|
| I | Confined to kidney, completely resected | ~95% |
| II–III | Regional extension | ~85–90% |
| IV | Hematogenous mets (lung, liver) | ~75% |
Treatment: Nephrectomy + chemotherapy (actinomycin D, vincristine) ± radiotherapy. Wilms' has excellent prognosis — one of most curable solid tumors.
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