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Question 24 ABC Business purchased the following assets during 2020: Office furniture Cost - $15,000 Date of Acquisition = 3/15/2020 Work van Cost = $95,000

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Question 24 ABC Business purchased the following assets during 2020: Office furniture Cost - $15,000 Date of Acquisition = 3/15/2020 Work van Cost = $95,000 I Date of Acquisition = 11/15/2020 Which depreciation convention should ABC Business use for 2020? a. Half year convention b. Midquarter convention c. Midmonth convention d. Straight line convention A. Mid month B. Mid quarter . Half year D. Straight line

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