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1) Are the statements true or false? -A nonrefundable leasehold deposit of $6,000 on a two-year rental agreement is amortized equally over the 24 months.

1) Are the statements true or false?

-A nonrefundable leasehold deposit of $6,000 on a two-year rental agreement is amortized equally over the 24 months.

-A plant asset can be removed from the accounting records only when its book value is zero.

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