Question: - Please define cost allocation ( depreciation ) for certain assets ( PP&E ) 2 - Why are companies allowed to spread of the cost

-Please define cost allocation (depreciation) for certain assets (PP&E)
2- Why are companies allowed to spread of the cost of a capital asset over time?
3- What is estimated useful life? How is it determined?
4- What are the various time-based and activity-based methods used to allocate these costs?

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