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Question No 4: (10) Criticize the following quotation: We shall have no difficulty in paying for new plant assets needed during the coming year because

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Question No 4: (10) Criticize the following quotation: "We shall have no difficulty in paying for new plant assets needed during the coming year because our estimated outlays for new equipment amount to only $80,000 and we have more than twice that amount in our accumulated depreciation account at present

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