Whether to depreciate capital assets has nothing to do with the modified accrual basis of accounting or the accrual basis of accounting.

Name: Whether to depreciate capital assets has nothing to do with the modified accrual basis of accounting or the accrual basis of accounting.
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Question

Quizplus · Accepted Answer

Depreciation is a method of allocating the cost of a capital asset over its useful life. It is not related to the modified accrual basis of accounting or the accrual basis of accounting.

Whether to Depreciate Capital Assets Has Nothing to Do with the Modified