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Joan has a $100,000 mortgage on her commercial building. This would be carried on her balance sheet as long-term debt. True or false Which of

Joan has a $100,000 mortgage on her commercial building. This would be carried on her balance sheet as long-term debt.

True or false

Which of the following fixed assets are always carried on the business books at the price paid for the asset, and cannot be depreciated?

buildings

equipment

land

machinery

store fixtures

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