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7 depreciation a is calculated by the department that

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7. Depreciationa. is calculated by the department thatuses thefixed asset.b. allocates the cost of the asset over itsuseful life.8. Depreciation records include all of thefollowinginformation about fixed assets EXCEPT the9. Which control is not a part of the fixedassetsystem?10. Objectives of the fixed asset systemdo NOTincludea. authorizing the acquisition of fixedassets.b. recording depreciation expense.c. computing gain and/or loss on thedisposal offixed assets.d. maintaining a record of the fair marketvalue ofall fixed assets.11. Which of the following is NOT acharacteristic ofthe fixed asset system?
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Term
Fall
Professor
NoProfessor
Tags
Depreciation, supervisor

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