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This topic is related to long-term assets. Go into your environment, and select an asset and explain how it would be treated for accounting purposes.

This topic is related to long-term assets. Go into your environment, and select an asset 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.Cite sources and reference

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