Answered: the branch nonetheless records the…

the branch nonetheless records the depreciation for an asset tha is used even if the asset is carried in the home office books. a. true b. false

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 13MC: Which of the following represents an event that is less routine when accounting for long-term...

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Question

the branch nonetheless records the depreciation for an asset tha is used even if the asset is carried in the home office books.

a. true

b. false

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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