When the differences in useful lives of long-lived assets reflect real economic differences,the attempt on the part of financial analysts to undo these differences may

Question

Quizplus · Accepted Answer

When differences in the useful lives of long-lived assets reflect real economic differences, trying to adjust or "undo" these differences can impede profit and loss comparisons because it may distort the actual economic reality reflected in the financial statements.

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