Why depreciation must be recorded on the accounting records

Reference no: EM133259913

Assignment - The Adjusting Process

Assume that you are the accountant for Computer Consultants. Prior to this year, Computer Consultants operated out of a leased office. However, the company purchased its own office building this year. The building is in an area where real estate values have been increasing an average of 6 percent per year.

The owner of Computer Consultants has asked why you recorded depreciation on the building if real estate values are appreciating. Write a response to the owner explaining why depreciation must be recorded on the company's accounting records.

Reference no: EM133259913

Questions Cloud

Analyze possible positions : Pick one of the following social positions and analyze possible positions others may have on the topic.

Describe the nature of the conflict : The play illustrates several sets of universal, timeless conflicts. (See introduction on first page of play for examples of conflicts.).

Discuss the meeting of sacer and profanus : ART 100 Thomas Edison State College Discuss the meeting of sacer and profanus as illustrated in the architecture and decoration of Christian churches

Are these themes present in safety last! and sherlock : MEDST 100 CUNY Queens College Are these themes present in Safety Last! and Sherlock, Jr.? What are some of Crafton's other arguments? What else is his essay

Why depreciation must be recorded on the accounting records : Write a response to the owner explaining why depreciation must be recorded on the company's accounting records

Planet plastic waste problem : Write a argumentative essay about Engineers are looking for solutions to the planet's plastic waste problem, repurposing bottles into buildings

What thoughts does this video spur in you : CE-324 Harvard University What thoughts does this video spur in you? 1.1 1.1What does it make you think about and Did you learn anything from this movie?

How is a refugee who travels to the united states : How is a "refugee" who travels to the United States different than an "immigrant" like Adnan's parents were or Hae herself was? Adnan.

How will you form such a community patterned after the holy : WRITING 030 Arkansas Virtual Academy God called us to form a community of persons. In your own family, how will you form such a community patterned

User Account

All Pages