Solved: Assets-plant or inventories, Accounting Basics

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Assets-plant or inventories

Question 1. Why is it better to refer to the costs, rather than values, of assets such as plant or inventories?

Question 2. Depreciation is cost allocation, not valuation? Is this correct? Why or why not?

Question 3. What types of companies would you expect to have unearned revenues (or deferred revenues) on their balance sheets?

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Accounting Basics: Assets-plant or inventories

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Accounting Basics: Assets-plant or inventories

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