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    Fundamentals of Financial Accounting Study Set 2
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    Exam 9: Long-Lived Tangible and Intangible Assets
  5. Question
    A Journal Entry Is Usually Needed to Update Depreciation Expense
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A Journal Entry Is Usually Needed to Update Depreciation Expense

Question 108

Question 108

True/False

A journal entry is usually needed to update depreciation expense on a long-lived asset at the time of disposal.

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