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Chapter 6 Bonus Questions: 1) Define amortization. What kind of assets are amortized? 2) What is salvage value? 3) Is land a depreciable asset? Why

Chapter 6 Bonus Questions: 1) Define amortization. What kind of assets are amortized? 2) What is salvage value? 3) Is land a depreciable asset? Why or why not? 4) How is the book value of an asset determined? a

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