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After reading through Chapter 11 on P,P&E: Utilization and Disposition, Create your own Thread and post a response to the following: At a recent lunch
After reading through Chapter 11 on P,P&E: Utilization and Disposition, Create your own Thread and post a response to the following: At a recent lunch with some friends, you overheard one of your accounting coworkers say, "Depreciation does not come close to accumulating the cash needed to replace the asset at the end of its useful life." And then they continued on to say, "Our company has an awful lot of goodwill, so why don't we just sell some of that to raise some extra cash?" What is your response to the first statement? Be sure to tie in chapter material. Explain how depreciation is a process of cost allocation, not valuation. What is your response
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