Financial Accounting problem discussion

  1. In a minimum of a paragraph, answer the question. 
  2. A paragraph is considered a minimum of 4-6 sentences.
  3. Cite all sources – you must provide the exact link to the reference. Please keep in mind that citing sources does not mean you can copy and paste information from the source and use it as your own. You also cannot only change a few words from a source; all work must be in your own words. 

Please answer the following question(s):

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.