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27 August, 11:49

Explain why we depreciate assets over their useful lives instead of just expensing them in the year they are acquired?

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  1. 27 August, 14:25
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    We depreciate assets over their useful lives instead of just expending them in the year they were acquired because let's say, when we exhaust a 5 year asset in a year, the 1st year is understated because the whole expense of the asset has been fully utilized in just 1 year, while the remaining 4 years are overstated,
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