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Assuming no additions, replacements, or extraordinary repairs, the book value of a long-lived asset declines over time, True or False True True False There are

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Assuming no additions, replacements, or extraordinary repairs, the book value of a long-lived asset declines over time, True or False True True False There are no significant differences between GAAP and IFRS with regards to the accounting for tangible and intangible assets. True or False True False

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