2.4 Determine Diff Acct Methods
Under the budgetary basis, the cost of a Capital Asset is an expenditure in the period it is purchased. NOTE: Show Slide # 20: (Accrual Basis) Performance reflects costs that are not cash flows of the period. A $100K truck depreciated straight line over 5 years puts $20K cost into each year. Book value of the asset is reduced annually until ... ................
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