The plant manager of a manufacturing firm suggested in a
Chapter 11, Problem 5(choose chapter or problem)
The plant manager of a manufacturing firm suggested in a conference of the companys executives that accountants should speed up depreciation on the machinery in the finishing department because improvements were rapidly making those machines obsolete, and a depreciation fund big enough to cover their replacement is needed. Discuss the accounting concept of depreciation and the effect on a business concern of the depreciation recorded for plant assets, paying particular attention to the issues raised by the plant manager.
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