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An asset costs 100, depreciation is 10, its market price if sold in crisis = 60. Record 90 net book value in the accounting books.
An asset costs 100, depreciation is 10, its market price if sold in crisis = 60. Record 90 net book value in the accounting books. This is an example of: Money measurement concept Accruals concept Matching concept Going concern concept
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Financial Accounting
Authors: C. William Thomas, Wendy M Tietz
13th Edition
013689903X, 9780136899037
