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    Accounting Study Set 1
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    Exam 3: The Adjusting Process
  5. Question
    What Is the Term Used for the Difference Between the Equipment
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What Is the Term Used for the Difference Between the Equipment

Question 4

Question 4

Multiple Choice

What is the term used for the difference between the Equipment account balance and the Accumulated Depreciation-Equipment account balance?


A) contra asset
B) market value
C) historical cost
D) book value

Correct Answer:

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