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Select an asset that is commonly used (cash, credit cards, etc) on a day to day basis and explain how it would be treated for

Select an asset that is commonly used (cash, credit cards, etc) on a day to day basis and explain how it would be treated for accounting purposes. Describe the asset, identify where it would be listed on the balance sheet, and determine if it would be depreciated. Discuss the rationale behind your conclusions.

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