When the differences in useful lives of long-lived assets reflect real economic differences,the attempt on the part of financial analysts to undo those differences may impede profit and loss comparisons.

Question

Quizplus · Accepted Answer

When the differences in useful lives of long-lived assets reflect real economic differences, it is not appropriate to undo those differences as it may impede profit and loss comparisons. Therefore, the statement is true.

When the Differences in Useful Lives of Long-Lived Assets Reflect