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Question 16 1 pts Once an asset is recorded on the books, its value always remains at historical cost unless the Fair Market Value falls

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Question 16 1 pts Once an asset is recorded on the books, its value always remains at historical cost unless the Fair Market Value falls below HC, in which case the asset's book value is reduced to the lower FMV. True False Question 17 1 pts In an asset account, Debit always means increase. O True O False

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