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The objective of depreciation accounting for a long term operational asset is to record the cost of using up tge asset, not to estimate how
The objective of depreciation accounting for a long term operational asset is to record the cost of using up tge asset, not to estimate how much the asset could be sold for. Therefore, the book value, or carrying value, of a long term operational asset does not tell investors how much tge asset is worth. What does it tell? Explain
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