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    College Accounting Study Set 5
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    Exam 18: Accounting for Long-Term Assets
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    The Loss of Usefulness Because of Inadequacy or Obsolescence Is
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The Loss of Usefulness Because of Inadequacy or Obsolescence Is

Question 15

Question 15

Multiple Choice

The loss of usefulness because of inadequacy or obsolescence is called


A) functional depreciation.
B) physical depreciation.
C) amortization.
D) cost allocation.

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