14 Why record depreciation expense by debiting the expense and crediting an accumulated depreciation account? Why not

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14 Why record depreciation expense by debiting the expense and crediting an accumulated depreciation account? Why not just credit the asset so that the balance sheet shows just the remaining undepreciated cost? (After all, the latter method is used for prepaid expenses.)

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Fundamentals Of Accounting And Financial Management

ISBN: 9780170454797

8th Edition

Authors: Professor Ken Trotman, Kerry Humphreys

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