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All capital assets must be amortized for accounting purposes
All capital assets must be amortized for accounting purposes TRUE OR FALSE: 1. All capital assets must be amortized for accounting purposes. 2. When purchasing land, the costs for clearing, draining, filling, and grading should be charged to a Land Improvements account. 3. When purchasing delivery equipment, supplies and motor vehicle licences should be charged to Delivery Equipment. 4. Service charges are charged on commercial property. 5. If paid by the purchaser, freight charges and insurance during transit are included in the cost of equipment. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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20 Apr 2016
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All capital assets must be amortized for accounting purposes
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