Chapter 21, Problem 21.3P

no aiOne company might depreciate a new computer over three years while another company might depreciate the same model computer over five years...and both companies are right. True False

no ai   An asset's useful life is the same as its physical life? True False

no ai  Depreciation Expense reflects an allocation of an asset's original cost rather than an allocation based on the economic value that is being consumed. True False