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Question 2 1 pts Why do buildings and equipment need to be depreciated over time? Depreciation is a cost allocation of the buildings and equipment
Question 2 1 pts Why do buildings and equipment need to be depreciated over time? Depreciation is a cost allocation of the buildings and equipment over the course of the assets useful lives to reflect their use. Depreciation is required for GAAP purposes, but not tax purposes. O Depreciation is necessary to conform to the revenue recognition principle. Depreciation is needed to reflect that if a company sold the asset it would not receive as much money
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