More on "lives"--

timer Asked: Aug 20th, 2015

Question description

More on "lives"---Actually there is also the concept of "legal" life---similar to ownership life.  For example, if you built a building on leased land, you would have to depreciate it over the life of the lease if it is shorter than the life of the building.

Do you think there are opportunities for manipulation here (as we discussed regarding inventories)?  Have you any workplace experience of this?

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