When an asset is sold,the first thing an accountant must do is record the depreciation to the date of sale.

Name: When an asset is sold,the first thing an accountant must do is record the depreciation to the date of sale.
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This is because depreciation represents the decrease in value of an asset over time, and its accumulated depreciation must be accounted for when calculating the gain or loss on the sale of the asset.

When an Asset Is Sold,the First Thing an Accountant Must