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Which of the following statements best describes the purpose of the Retirement Work Order: a) it documents the calculation of the gain or loss from
Which of the following statements best describes the purpose of the Retirement Work Order:
a) it documents the calculation of the gain or loss from the sale of asset
b) verifies the need for a new asset to replace the asset being sold
c) documents the approval of the removal of the asset from the accounting records
d) used to record the debit to accumulated depreciation and credit to equiment balance upon the disposal of the asset
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