a. Does the recognition of depreciation in the accounts provide a special cash fund for the replacement

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a. Does the recognition of depreciation in the accounts provide a special cash fund for the replacement of fixed assets? Explain.
b. Describe the nature of depreciation as the term is used in accounting.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 20, 2011 06:10 AM

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a. Does the recognition of depreciation in the accounts provide a special cash fund for the replacement

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a No it does not provide a special cash fund for the replacement ...View the full answer

Survey of Accounting

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