DEPRECIATION ACCOUNTING PRACTICES AND PROFITABILITY OF SELECTED SME IN PORTHACCOURT
CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Depreciation is one of the most controversial and troublesome areas in accounting. Depreciation was actually a cost of doing business. Business executive tended to view depreciation as a matter of setting aside something during prosperous periods for the replacement of depreciable assets. When earnings are high, large amounts of depreciation might be recorded and when earnings were low or less provision for ...
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