[COMPLETED] Why are the costs of plant/long-term assets recovered through depreciation vs. expensed out during the period purchased? 

[COMPLETED] Why are the costs of plant/long-term assets recovered through depreciation vs. expensed out during the period purchased? 

  1. Why are the costs of plant/long-term assets recovered through depreciation vs. expensed out during the period purchased?  Choose one of the following depreciation methods to discuss: straight line, units of production, declining balance.  Share how depreciation using this method is calculated and provide an example of when this would be the most ideal method for application.

 

2.What distinguishes a current liability from a long-term liability?  Why is it so important to report these separately?  How is this information used in decision-making applications?

order now