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QUESTION
Week 2 Discussion ACCII
- What should companies consider before choosing a method of expensing long-lived-assets cost?
- What are some benefits and risk of various depreciation methods on a company's net income?
- Since expenses impact net income, how should management decide which accounting method is suitable for valuing their long-lived assets?
- What is the difference between a capital expenditure and a revenue expenditure? What are some examples of each? How are they treated differently in the financial statements?
- Recognize long-lived assets, valuation, and disposal.
- Apply methods of expensing plant assets cost within the business industry.
- Discuss management decision making challenges for long-lived assets
- Examine methods for analyzing plant assets.
