In a small group of students, visit a large company in your community to determine how it

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In a small group of students, visit a large company in your community to determine how it decides to account for expenditures on fixed assets made after the assets have been in use for some time. In other words, how does it decide whether to debit the asset account, the accumulated depreciation account, or an expense account? What role does materiality play in the decision? Evaluate the reasonableness of the decision model used. Write a report to your instructor summarizing your findings and be prepared to make a short presentation to your class.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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