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    Intermediate Accounting Study Set 4
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    Exam 9: Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition
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    If Market Price on Purchase Date Declines from Year-End Price
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If Market Price on Purchase Date Declines from Year-End Price

Question 36

Question 36

Essay

If market price on purchase date declines from year-end price, the purchase is recorded at market price.
March 4, 2014

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