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6 . Which of the following is NOT a characteristic of managerial accounting? A ) Focus on future projections B ) Use of historical data
Which of the following is NOT a characteristic of managerial accounting?
A Focus on future projections
B Use of historical data
C Internal reporting
D Compliance with GAAP
What is depreciation?
A The process of allocating the cost of a tangible asset over its useful life
B The increase in value of an asset over time
C The amount of cash used to purchase an asset
D The total cost of an asset at the time of purchase
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