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Relationship of a fixed asset to depreciation

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Question: (Relationship of a fixed asset to depreciation) Since the Motor Pool Fund illustrated in this chapter records the acquisition of an automobile by debiting an asset account, does the cost of that automobile ever enter into the determination of income? Explain.

Reference no: EM131703321

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Relationship of a fixed asset to depreciation : (Relationship of a fixed asset to depreciation) Since the Motor Pool Fund illustrated in this chapter records the acquisition of an automobile by debiting.
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