Depreciation of plant property or equipment is credited not


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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Financial Accounting: Depreciation of plant property or equipment is credited not
Reference No:- TGS01587003

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