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5.4: Chapter Appendix

  • Page ID
    24774
    • Anonymous
    • LibreTexts
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    • Final Trial Balance and Financial Statements

      1f139a18d280a49ddc48967cf4fd87b0.jpg
      Figure 5.7 Appendix A
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      Figure 5.8 Appendix B1

      1In a subsequent chapter, the reporting of noncurrent assets with finite lives will be covered in detail. The cost of such assets is subject to depreciation over their estimated useful lives so that a net book value is reported that falls each period. Therefore, the $40,000 is used here simply to illustrate the placement of the balances.


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