One of the Common Objections to Computing Depreciation of General

question 60

Essay

One of the common objections to computing depreciation of general capital assets has been that the assets are used for activities that are not expected to generate revenues sufficient to replace the assets; therefore,depreciation expense is not relevant to decisions about the acquisition or use of general capital assets.Evaluate this argument.

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Definitions:

Cultural Capital

The non-financial social assets that promote social mobility beyond economic means, such as education, intellect, style of speech, dress, or physical appearance.

Pierre Bourdieu

A French sociologist and philosopher known for his concepts of habitus, cultural capital, and social capital which explain the dynamics of power and inequality in society.

Cultural Capital

Non-financial social assets that promote social mobility, including education, intellect, style of speech, dress, or physical appearance.

Social Reproduction

The process by which societies and social groups maintain continuity over time through mechanisms that preserve values, norms, and social structures.