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Why are the costs of long-lived assets capitalized when incurred and then depreciated or amortized over subsequent accounting cycles? To reduce the federal income tax

Why are the costs of long-lived assets capitalized when incurred and then depreciated or amortized over subsequent accounting cycles?

To reduce the federal income tax liability

To aid management in cash-flow analysis

To match the costs of production with the periods of its useful life

To adhere to the accounting constraint of conservatism

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