Peggy Zimmer, a friend of yours taking her first accounting class, is confused as to why there
Question:
Peggy Zimmer, a friend of yours taking her first accounting class, is confused as to why there is a separate accumulated depreciation account. She argues that it would be much simpler to just credit the asset that is being depreciated directly instead of crediting accumulated depreciation.
Required
Explain to your friend in an informal memo a possible advantage that keeping the cost and accumulated depreciation separate can have for an analyst.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: