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Consider a Situation Where Accumulated Depreciation Is Eliminated Against the Asset's

Question 14

Multiple Choice

Consider a situation where accumulated depreciation is eliminated against the asset's gross carrying amount and the net amount is restated to the revalued amount of the asset,which term applies to the revaluation of depreciation?


A) Proportional method
B) Reset method
C) Book cost method
D) Elimination method

Correct Answer:

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