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Under ASPE The historical cost of long-term assets Select one: a. Becomes larger over the life of the asset b. Becomes smaller over the life

Under ASPE The historical cost of long-term assets

Select one:

a. Becomes larger over the life of the asset

b. Becomes smaller over the life of the asset

c. Remains unchanged from the time they are purchased to the time they are sold

d. Is irrelevant when recording purchases of capital assets

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