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47. The term Salvage Value can be best described as A. The amount an intangible asset can be purchased B. Expected market value of a

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47. The term "Salvage Value" can be best described as A. The amount an intangible asset can be purchased B. Expected market value of a fully depreciated asset C. Future expected cost to replace a depreclable asset D. Cost of a depreciable asset minus accumulated depreciation E. None are correct 48. When prices are rising, which method of inventory would likely be used for an antiques store? CALIFO A. Weighted average D. Specific identification B. FIFO E. NIFO

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