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In depreciating the cost of a long-term asset, firms are mainly concerned with: Select one: a. Reporting the fair value of the asset. b. Recognizing

In depreciating the cost of a long-term asset, firms are mainly concerned with:

Select one: a. Reporting the fair value of the asset. b. Recognizing expense in the appropriate accounting period. c. Recognizing revenues in the appropriate accounting period. d. Reporting net realizable value of the asset. e. Full disclosure.

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