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D&R Products Forecasts That It Will Require $10,000 for Equipment

Question 20

Multiple Choice

D&R Products forecasts that it will require $10,000 for equipment and depreciation will be over 5 years.The $10,000 will be reflected in the balance sheet as _____.


A) inventory
B) gross fixed assets
C) net fixed assets
D) accounts payable

Correct Answer:

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