FIN 370T University of Phoenix Wk 5 Asset Depreciation Discussion

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FIN 370T University of Phoenix Wk 5 Asset Depreciation Discussion

Economics, University of Phoenix

FIN 370T University of Phoenix Wk 5 Asset Depreciation Discussion

Question Description

I’m working on a finance discussion question and need an explanation and answer to help me learn.

Do accountants do depreciation to account for wear and tear, or is it a method of allocating the cost of the asset over its useful life? What is the difference between those two ideas?

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