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    Intermediate Accounting Study Set 1
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    Exam 10: Applications of Fair Value to Non-Current Assets
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    Based on the Following Information, What Is the Net Book
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Based on the Following Information, What Is the Net Book

Question 1

Question 1

Multiple Choice

Based on the following information, what is the net book value of the asset on the December 31, 2012 balance sheet? Based on the following information, what is the net book value of the asset on the December 31, 2012 balance sheet?   A) $185,000 B) $200,000 C) $300,000 D) $350,000


A) $185,000
B) $200,000
C) $300,000
D) $350,000

Correct Answer:

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