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Co. A has elected to expense all purchase of long-term assets in the year of purchase while Co B elects to capitalize such assets and
Co. A has elected to expense all purchase of long-term assets in the year of purchase while Co B elects to capitalize such assets and depreciate over the estimated useful life by the use of the straight-line method of each related asset.
Q 1-which accounting method is correct? Why?
Q2 _Justify each approach?
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