Accounting - Chapter 18

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Author:
kaylacody17
ID:
150362
Filename:
Accounting - Chapter 18
Updated:
2012-04-26 19:06:37
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Accounting chapter 18
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  1. land and anything attached to the land
    real property
  2. all property not classified as real property
    personal property
  3. the value of an asset determined by tax authorities for the purpose of calculating taxes
    assessed value
  4. an accounting form on which a business records information about each plant asset
    plant asset record
  5. revenue that results when a plant asset is sold for more tan book value
    gain on plant assets
  6. the loss that results when a plant asset is sold for less than book value
    loss on plant assets
  7. multiplying the book value by a constant depreciation rate at the end of each fiscal period
    declining-balance method of depreciation

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