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loni an investor is looking at a companys annual financial statement Loni, an investor, is looking at a company's annual financial statements. She sees the

loni an investor is looking at a companys annual financial statement

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Loni, an investor, is looking at a company's annual financial statements. She sees the following data: $8,000 Depreciation expense Honda Civic $30,000 Accumulated depreciation - Honda Civic $6,000 Ford F150 $12.000 Accumulated depreciation - Ford F150 $11,000 What is true? Select one: O a Depreciation Expense and both of the Accumulated Depreciation accounts reduce net income. 'W O b. None of these are true O c The F150 will need to be replaced soon. O d. All but one of the listed data items are shown on the company's balance sheet

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