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Why is a accountants have to classify items as capital

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Reference no: EM132760907

Problem 1: Why is a accountants have to classify items as capital or revenue expenditures.

Problem 2: Is it true that the higher the depreciation, the lower the net income? If that is the case, why would we not want the lowest depreciation method so we can show the highest net income.

Reference no: EM132760907

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