True or false ________ 13. The proceeds from the sale of a fixed assets would be credited to sales accounts ________ 14, The straight line method is the allocation of depreciation where the amount of depreciation is reduced form year to year ________ 15. Replacement method is a method of calculating depreciation.

True or false 13. The proceeds from the sale of a fixed assets would be credited to sales accounts 14, The straight line method is the allocation of depreciation where the amount of depreciation is reduced form year to year 15. Replacement method is a method of calculating depreciation.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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