[1940] Ch. 34 THE R…
1 year, 5 months ago

Reflecting on depreciation methods, it appears that using market value rather than lifespan might yield more accurate results. Let's consider the example of underwear, which, despite having a long lifespan, loses value quickly upon use. This example underscores that an item's depreciation may be more accurately represented by its market value changes over time, rather than its lifespan.

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