A friend of yours makes this statement: 'Accumulated depreciation and depreciation expense are the same thing, since

Question:

A friend of yours makes this statement: 'Accumulated depreciation and depreciation expense are the same thing, since they both measure the portion of the cost of an asset that has been 'used up' to earn revenues.'

Required:

Do you agree or disagree with your friend's statement? Support your answer.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (2 reviews)

I disagree with your friends statement While both accumulated depreciation and depreciation expense ...View the full answer

Answered By

Anthony Ngatia

I have three academic degrees i.e bachelors degree in Education(English & Literature),bachelors degree in business administration(entrepreneurship option),and masters degree in business administration(strategic management) in addition to a diploma in business management.I have spent much of my life in the academia where I have taught at high school,middle level colleges level and at university level.I have been an active academic essays writer since 2011 where I have worked with some of the most reputable essay companies based in Europe and in the US.I have over the years perfected my academic writing skills as a result of tackling numerous different assignments.I do not plagiarize and I maintain competitive quality in all the assignments that I handle.I am driven by strong work ethics and a firm conviction that I should "Do Unto others as I would Like them to do to me".

4.80+ 76+ Reviews 152+ Question Solved

Related Book For book-img-for-question