Generally, accepted accounting principles GAAP give us guidance for recognizing the costs of purchased capital assets and constructed capital assets What is the difference in the costs between the two types of assets? Why is there is a difference What do you find most confusing about the accounting for purchased and self-constructed capital assets? Why Follow up with two additional comments in response to the comments of others?

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Answer Explanation i Generally Accepted Accounting Principles GAAP or US GAAP are a collection of ... View the full answer