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Which type of budget is prepared in such a way

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Reference no: EM132744954

Problem 1: This type of budget is prepared in such a way that estimated revenues exceed estimated expenditures.

a. Obligations budget

b. Budget meal

c. Excess budget

d. Balanced budget

Problem 2: When determining depreciation, an entity considers all of the following except

a. Expected residual value at the end of the asset's useful life

b. Initial cost

c. Useful life

d. Whether the asset is classified as with finite or indefinite useful life.

Reference no: EM132744954

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