Does the balance in the Accumulated Depreciation-Machinery account represent funds to replace the machinery when it wears
Fantastic news! We've Found the answer you've been seeking!
Question:
- Does the balance in the Accumulated Depreciation-Machinery account represent funds to replace the machinery when it wears out? If not, what does it represent?
- Why is the Modified Accelerated Cost Recovery System not generally accepted for financial accounting purposes? Please share the references.
Posted Date: