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    Financial Accounting Study Set 1
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    Exam 9: Long-Lived Tangible and Intangible Assets
  5. Question
    Accumulated Depreciation Is Classified as a Contra-Asset Account on the Balance
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Accumulated Depreciation Is Classified as a Contra-Asset Account on the Balance

Question 213

Question 213

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Accumulated Depreciation is classified as a contra-asset account on the balance sheet.

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