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In the Truck account, there is a debit entry for a new truck in the amount of $45,000. You suspect that this figure is wrong.
In the Truck account, there is a debit entry for a new truck in the amount of $45,000. You suspect that this figure is wrong. You find that the source document for the transaction is missing from the files when you look for it. How could you verify the amount? If an error has been made, how would you fix it? Are there any other considerations you need to make when accounting for long-term assets
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