Respond to the following in a minimum of 175 words: What characteristics of a plant asset make
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Question:
Respond to the following in a minimum of 175 words: What characteristics of a plant asset make it different from other assets? Why does GAAP require depreciation for certain plant assets? The balance in an Accumulated Depreciation - Equipment account does not represent funds to replace the equipment when it wears out; instead, what does it represent?
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