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Whats included in the cost of an asset Land improvements A: dont recognize depreciation of land but do on land improvements Select the definition of
- Whats included in the cost of an asset
- Land improvements
A: dont recognize depreciation of land but do on land improvements
- Select the definition of depreciation
- Definition of book value
- How do we handle salvage value in calculation depreciation
- Calculate straight line depreciation (steps)
- Difference between extending the life of an asset vs maintaining the asset how is it show differently on an accounting standpoint
- How to calculate a gain on a sale of an longterm asset (steps)
- How to calculate loss or gain on capital or long term saset
- Where do we report the loss or gain an asset on the financial statements (if sold an asset and received a gain or loss where will that be reported on a financial statement)
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