Accountants in other countries sometimes write up the recorded amounts of long-term assets when their values increase.

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Accountants in other countries sometimes write up the recorded amounts of long-term assets when their values increase. Why are U.S. accountants reluctant to increase the recorded value of property, plant, and equipment when that value increases?

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:48 AM

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Accountants in other countries sometimes write up the recorded amounts of long-term assets when their values increase.

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US accountants do not write up asset amounts when their values increase for several reas...View the full answer

Accounting concepts and applications

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