How does matching concept affect accounting for fixed assets

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Reference no: EM131261584

1. How is the cost of a fixed asset measured in a cash transaction? In a noncash transaction?

2. How does the matching concept affect accounting for fixed assets?

3. What factors must be known or estimated in order to compute depreciation expense?

4. How do the accelerated and straight-line depreciation methods differ?

Reference no: EM131261584

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