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Which of the following is true of unrealized intercompany profits on a depreciable asset sold to an affiliated company? a. They are never recognized. b.
Which of the following is true of unrealized intercompany profits on a depreciable asset sold to an affiliated company? a. They are never recognized. b. hey are recognized over the remaining economic life of the asset as it is used by the affiliate in generating revenue from unaffiliated parties. c. When the asset is sold to an outside party d. At the time of the sale of the asset
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