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11 A company that has a large investment in property, plant and equipment and that fails to systematically replace those assets generally reports a decreasing return on assets over the useful life of its asset base. True False 12 Expenditures on PP&E that increase future service potential should be added to the remaining unexpired cost of the asset and be charged to expense over the estimated remaining period of benefit. True False

11 A company that has a large investment in property, plant and equipment and that fails to systematically replace those assets generally reports a decreasing return on assets over the useful life of its asset base. True False 12 Expenditures on PP&E that increase future service potential should be added to the remaining unexpired cost of the asset and be charged to expense over the estimated remaining period of benefit. True False

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11 A company that has a large investment in property, plant and equipment and that fails to systematically replace those assets generally reports a decreasing return on assets over the useful life of its asset base. True False 12 Expenditures on PP&E that increase future service potential should be added to the remaining unexpired cost of the asset and be charged to expense over the estimated remaining period of benefit. True False
Transcribed Image Text:11 A company that has a large investment in property, plant and equipment and that fails to systematically replace those assets generally reports a decreasing return on assets over the useful life of its asset base. True False 12 Expenditures on PP&E that increase future service potential should be added to the remaining unexpired cost of the asset and be charged to expense over the estimated remaining period of benefit. True False
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