What is a contra-asset account? Why are contra-asset accounts used?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 10:26 AM

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What is a contra-asset account? Why are contra-asset accounts used?

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A contraasset account is used to accumulate subtractions from a related asset account such ...View the full answer

Financial Accounting A Critical Approach

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