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    Intermediate Accounting
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    Exam 11: Investments in Noncurrent Operating Assets-Utilization and Retirement
  5. Question
    In Recording the Trade of One Asset for Another, Which
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In Recording the Trade of One Asset for Another, Which

Question 14

Question 14

Multiple Choice

In recording the trade of one asset for another, which of the following accounts is usually debited?


A) Accumulated Depreciation-Old Asset
B) Cash
C) Gain on Exchange of Asset
D) None of these

Correct Answer:

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