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When a fixed asset such as equipment is discarded because of obsolescence or for other reasons, the reserve for depreciation account is: debited for the
When a fixed asset such as equipment is discarded because of obsolescence or for other reasons, the reserve for depreciation account
is:
debited for the book value of the equipment
credited for the book value of the equipment
debited for the amount of depreciation posted on the equipment to date
credited for the cost of the new equipment
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
