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Use the Following Code to Identify Each of the Assets

Question 224

Short Answer

Use the following code to identify each of the assets listed below:
a.a long-term asset subject to depreciation
b.a long-term asset that does NOT need to be depreciated
c.is NOT a long-term asset
______ 1.Office supplies
______ 2.Land
______ 3.Factory equipment
______ 4.Office computers
______ 5.Cash
______ 6.Accounts receivable
______ 7.Depreciation expense
______ 8.Office furniture
______ 9.Truck
______ 10.Building

Correct Answer:

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