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Depreciation of plant, property, or equipment is credited not to the asset account itself, which...

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Accounting

Depreciation of plant, property, or equipment is credited not to the asset account itself, which is maintained at historical cost, but to a separate contra asset, Accumulated Depreciation. However, amortization of intangibles is often credited directly to the asset. What characteristics of intangible assets versus tangible assets can you name that would explain this difference in treatment?

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