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Evaluate the advantages and disadvantages of depreciation as anaccouting concept- on balance do you...

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Accounting

Evaluate the advantages and disadvantages of depreciation as anaccouting concept- on balance do you think the measurement ofdepreciation aids accounting practice?

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When a company purchases a fixed asset it is required to capitalize the asset in its financial records A fixed asset is a huge physical asset that the company plans to use for in the business operation for several years The total cost of this asset is determined by the company by adding all the costs needed for the purchase the asset including purchase price freight costs and legal fees The company expenses certain portion of the total cost each year by the way of depreciation The advantages and    See Answer
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In: AccountingEvaluate the advantages and disadvantages of depreciation as anaccouting concept- on balance do you think...Evaluate the advantages and disadvantages of depreciation as anaccouting concept- on balance do you think the measurement ofdepreciation aids accounting practice?

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