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When isrevenue generally recognized

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Reference no: EM132739296

Problem 1: When isrevenue generally recognized?

a. When cash is received.

b. When production is completed.

c. When the warranty expires.

d. When the sale occurs.

Problem 2: The carrying value of a depreciable asset equals

a. The estimated amount for which the asset could be sold

b. The estimated cost to replace the asset

c. The original cost minus accumulated depreciation

d. The original cost minus depreciation expense for the current period.

 

Reference no: EM132739296

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