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1. Depreciation is not recorded on which of the following? a. equipment b. buildings c. land 2. Stan loaned $10,000 to Jimmy and received a

1. Depreciation is not recorded on which of the following?

a. equipment

b. buildings

c. land

2. Stan loaned $10,000 to Jimmy and received a 90 day note. Stan is the ______ of the note.

a. payee

b. creditor

c. principle

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