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    what cost are included in long lived assets.

    0  Views: 342 Answers: 1 Posted: 14 years ago

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    The cost of long-term assets is recognized as an expense in the accounting periods in which the assets are used. So, if a table is expected to have an economic life of three years, then the table cost will be allocated over this three-year period. http://simplestudies.com/accounting-for-long-term-assets.html


     



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