One of the problems with current accounting procedures is that there is no way for firms to systematically write off the costs of property and equipment over time.

Name: One of the problems with current accounting procedures is that there is no way for firms to systematically write off the costs of property and equipment over time.
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Question

Quizplus · Accepted Answer

This statement is false as current accounting procedures do allow for the systematic write off of the costs of property and equipment over time through depreciation.

One of the Problems with Current Accounting Procedures Is That