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True or False NBC Company recorded the following balances at the end of December 2019: Leasehold Improvements - $50,000 Patent - $40,000 Buildings - $100,000

True or False NBC Company recorded the following balances at the end of December 2019:

Leasehold Improvements - $50,000 Patent - $40,000 Buildings - $100,000 Machinery - $65,000 Trademark - $35,000 Assuming depreciation has been factored in the information above, net total operating assets are equal to $215,000.

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