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Which of the following statements is correct regarding a long - lived asset such as a building? The original cost in the building account could

Which of the following statements is correct regarding a long

-

lived asset such as a building?

The original cost in the building account could increase or decrease when an adjusting entry is recorded for depreciation.

The original cost in the building account will increase when an adjusting entry is recorded for depreciation.

The original cost in the building account will decrease when an adjusting entry is recorded for depreciation.

The original cost in the building account will not change when an adjusting entry is recorded for depreciation.

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