Noncurrent operating assets like property plant and equipment represent some of the largest assets on a companys balance sheet They also represent large expense deductions in the form of depreciation Depreciation however is mostly estimates like the useful life and salvage value Management even gets to choose which method they use Discussion the implications of the different assumption used in calculating depreciation What effect does changing these assumptions have on the balance sheet and inco

Answer rating: 100% (QA)

Depreciation is the wear and tear of the asset of the enterprise due to use of the asset Depreciatio... View the full answer