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During fiscal year 2012, Virchow Inc.recorded $10,000 of depreciation on a piece of factory equipment used to manufacture cricket bats. Which of the following items
During fiscal year 2012, Virchow Inc.recorded $10,000 of depreciation on a piece of factory equipment used to manufacture cricket bats.
Which of the following items would beincreasedby this depreciation entry? (check all that apply)
Work in Process Inventory
Cost of Goods Sold
Current Assets
Accumulated Depreciation
Net Property, Plant, and Equipment
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