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Explain why the matching principle necessitates that depreciation be recorded for property and equipment and amortization be recorded for intangible assets over these assets' useful

Explain why the matching principle necessitates that depreciation be recorded for property and equipment and amortization be recorded for intangible assets over these assets' useful or legal life.

What is the difference between depreciation expense and accumulated depreciation?

What are the characteristics of intangible assets?

When is the intangible asset Goodwill recognized?

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