Explain why certain long-lived assets are capatilized and
recovered over time rather than immediately expensed. Please
explain...
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Accounting
Explain why certain long-lived assets are capatilized andrecovered over time rather than immediately expensed. Pleaseexplain in depth and provide example.
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As per accrual system of accounting the income and expenses are recorded when they are incurred and not when cash is exchanged Now assets can be of 2 types 1 Current assets These are those assets which are expected to be sold consumed or utilized through standard business operations which will eventually
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