Why are long-term assets depreciated over the useful life


Problem

Why are long-term assets depreciated over the useful life of the asset and not shown as an expense in the year they are purchased or developed. Do you agree with treating long-term assets this way? Why or why not?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Why are long-term assets depreciated over the useful life
Reference No:- TGS02595186

Now Priced at $15 (50% Discount)

Recommended (94%)

Rated (4.6/5)