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How is the fixed asset list automatically updated

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Reference no: EM132964496

Question -

1. How is the fixed asset list automatically updated?

2. What circumstances require the fixed asset list to be manually updated?

3. How does the Fixed Asset Manager calculate current period depreciation?

4. Describe the financial accounting journal entry to record the sale/disposal of a fixed asset?

5. Give an example of unearned revenue, and explain the process for end-of-period adjustments involving unearned revenue.

Reference no: EM132964496

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