Assume that the accountant preparing the consolidation worksheet has chosen to make the optional accumulated depreciation consolidation entry. Why does this consolidation entry need to be made each year? Write a short, simple memo to explaining why this is the case.Please provide a complete, easy-to-understand explanation as concisely as possible. Your explanation should not exceed two or three short paragraphs. Therefore, your explanation should reflect careful thinking and good writing.Give a name to the subject.
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