Accountancy, asked by ps2004, 7 months ago

which convention states that same method of depreciation be used over a period of time ​

Answers

Answered by shubham1115
13

Answer:

The purpose of the half-year convention is to better align expenses with revenues generated by the asset in the same accounting period, per the matching principle. The half-year convention applies to all forms of depreciation, including straight-line, double declining balance, and sum-of-the-years' digits .

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Answered by krish0123goyal
1

Explanation:

above answer is better

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