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Which of the following statements describe(s) the proper accounting for property, plant, and equipment? I Property, plant, and equipment are reported in the balance sheet
Which of the following statements describe(s) the proper accounting for property, plant, and equipment? I Property, plant, and equipment are reported in the balance sheet at historical cost minus accumulated depreciation 11. Land is not depreciated. TH. The amount to be recorded as acquisition cost of equipment should not be greater than the equipment's fair value OA II and III OB I and II O c. 1.II and III. OD. I only
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