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"Property, plant, and equipment represent some of the largest assets on a company's balance sheet.

Hello, could i please get some assistance with the following discussion question.
"Property, plant, and equipment represent some of the largest assets on a company's balance sheet. They also represent large expense deductions in the form of depreciation. Depreciation, however, is mostly estimates like the useful life and salvage value. Management even gets to choose which method they use. Discussion the implications of the different assumption used in calculating depreciation. What effect does changing these assumptions have on the balance sheet and income statement?"

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Hi Student, Please accept, if you need any other help please... View the full answer

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In accounting depreciation is defined as the reduction in value of an asset due to its wear and
tear, obsolescence of technology, damage to machinery etc. In other words, depreciation is a
process...

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