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( Identifying permanent and temporary asset investments ) Classify each of the following investments in assets as either permanent or temporary, and explain your choice:
Identifying permanent and temporary asset investments Classify each of the following investments in assets as either permanent or temporary, and explain your choice:
a A seasonal increase in a card shops inventory of Valentine cards.
b The acquisition of a new forklift truck that is expected to have a useful life of five
years.
c An increase in accounts receivable resulting from an expansion in the firms customer base.
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