Question

U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:

Answer 1

Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets

Step-by-step explanation:

US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.