Accounting Problem 2
Here is the second of three accounting problems I am posting today.
As before, when I receive five attempts at these questions from different people I will chip in with my solution/comments.
This question is more knowledge based than question one. What would you say to anyone asking this question?
Depreciation and Useful Life
Can someone assist in finding the actual useful life for depreciating items? For example a GAAP website to let me know that a chair should be depreciated over 3 years v 5 years?
Duncan Williamson
posted by Duncan Williamson @ 9:25 AM
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