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Author Question: For accounting purposes, the business entity should be considered separate from its owners if the ... (Read 33 times)

kaid0807

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For accounting purposes, the business entity should be considered separate from its owners if the entity is
 a. a corporation
  b. a proprietorship
  c. a partnership
  d. any of these

Question 2

The parks and recreation department, which is accounted for within the General Fund, purchased a new athletic field mower at a cost of 25,000 . The mower has an estimated useful life of 5 years.
 
  The General Fund would report depreciation expense at the end of Year 2 in the amount of
  A. 0.
  B. 5,000.
  C. 10,000.
  D. 25,000.



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karlss

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Answer to Question 1

d

Answer to Question 2

A




kaid0807

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Reply 2 on: Jul 6, 2018
:D TYSM


triiciiaa

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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