Answer
From the accounting perspective, depreciation entails the orderly and rational allocation of costs over the period that a tangible asset is expected to be beneficial. Therefore, depreciation does not deal with valuation. Speeding up the process of depreciation, as per the suggestions of the plant manager, will not be in line with the accounting concept that requires the depreciation cost to be allocated methodically throughout an asset /machinery's projected useful life.
Work Step by Step
From the accounting perspective, depreciation entails the orderly and rational allocation of costs over the period that a tangible asset is expected to be beneficial. Therefore, depreciation does not deal with valuation. Speeding up the process of depreciation, as per the suggestions of the plant manager, will not be in line with the accounting concept that requires the depreciation cost to be allocated methodically throughout an asset /machinery's projected useful life.
