Most companies keep plant asset records to identify equipment and its original cost by loca tion or
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Most companies keep plant asset records to identify equipment and its original cost by loca¬ tion or department. However, charges for depreciation, property tax, and fire insurance are often accumulated in general factory accounts and charged to departments on the basis of equipment values. Is this the best method for controlling such costs? If not, sug¬ gest possible improvements. LO9
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Cost Accounting
ISBN: 9780538828079
11th Edition
Authors: Lawrence H. Hammer, William K. Carter, Milton F. Usry
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