Depreciation and Capital Maintenance (Rle Accounting)

<p>Of the nine articles reprinted in this volume originally published in 1984 those by <i>Ladelle Hotelling</i> and <i>Anton </i>are recognized as being the classic articles on the depreciation of a single 'machine'. Each of these articles was published in a journal that is often not accessible and reprinted here has brought them together in one place. For many years accountants have dealt with depreciation and capital maintenance as a static problem. This volume recognizes its dynamic aspects. </p>