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If all your assets were worth $10,000 and you purchased a high-end TV set for $2,000, which of the following is true Select one: O
If all your assets were worth $10,000 and you purchased a high-end TV set for $2,000, which of the following is true Select one: O a. Being a material value, the TV should be regarded as an asset with no change to net worth. b. Your net worth will decrease by $2,000 with the purchase of this TV. O c. The purchase is of an immaterial nature because it will depreciate quickly. It should be regarded as an expense. d. Cash will decrease by $2,000 and your net worth will decrease by $2,000
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