Depreciation continues to be one of the most controversial, difficult, and important problemareas in accounting 1. Explain the conventional accounting concept of depreciation accouting，and discuss its conceptual merit with respect to ( a) the value of the asset, (b) the amount( s) expensed, an ( c) the discretion of management in selectin g the method. 2. Answer the following: a. Explain the factors that should be considered when applying the conventional concept of depreciation to the determination of how the value of a newly acquired computer system should be assigned to expense for financial.
1. Explain the conventional accounting concept of depreciation accouting，and discuss its conceptual merit with respect to ( a) the value of the asset, (b) the amount( s) expensed, an ( c) the discretion of management in selectin g the method. 2. Answer the following: a. Explain the factors that should be considered when applying the conventional concept of depreciation to the determination of how the value of a newly acquired computer system should be assigned to expense for financial.
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