Why record depreciation expense by debiting the expense and crediting accumulated depreciation? Why not just credit the
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Why record depreciation expense by debiting the expense and crediting accumulated depreciation? Why not just credit the asset cost so that the balance sheet shows just the remaining undepreciated cost?
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Recording depreciation expense by debiting the expense and crediting accumulated depreciation follows the principles of accrual accounting and accurat...View the full answer
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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