Next, we must recognize an equal [decrease / increase] in the amount of the asset. However, accountants

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Next, we must recognize an equal [decrease / increase] in the amount of the asset. However, accountants prefer to show the original cost of PPE assets on the balance sheet at all times. Therefore, decreases in the amount of a PPE asset [are / are not] shown as a direct reduction in the asset amount.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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