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Why is it important for the method of depreciation, depletion, or amortization to be disclosed in the financial statements?

2006-10-28 11:16:47 · 1 answers · asked by angel_rat_83 1 in Business & Finance Other - Business & Finance

1 answers

Because its a significant accounting policy that allows financial statement users to more fully understand how you have arrived at the net book value of your captial assets and the amounts your are writing off each year.

2006-10-30 01:35:23 · answer #1 · answered by Zee 6 · 0 0

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