Unformatted text preview: Depletion – the allocation of the cost of natural resources over a period of time, normally the natural resources’ useful lives. Is it appropriate to calculate depreciation using two different methods? Explain why or why not. An organization is allowed to use different depreciation methods for tax purposes and for its financial statements. Straight-line depreciation is widely used for financial reporting, for this method results in more consistent earnings and is more widely accepted....
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This note was uploaded on 08/15/2010 for the course ACCT Acc281 taught by Professor Tontis during the Spring '10 term at DeVry Long Beach.
- Spring '10