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    Business
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    Accounting for Government and Nonprofit Organizations
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    Exam 7: Proprietary Type Fundsenterprise and Internal Service Funds
  5. Question
    Because All Capital Assets May Become Impaired-Because of Changes in Technology
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Because All Capital Assets May Become Impaired-Because of Changes in Technology

Question 16

Question 16

True/False

Because all capital assets may become impaired-because of changes in technology or other reasons-the FASB and GASB both require impaired assets to be written down using the same criteria.

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