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Under USGAAP,an Asset That Was Written Down Can Later Be Written

question 37

True/False

Under U.S.GAAP,an asset that was written down can later be written back up to its original carrying value if its value recovers to previous levels.

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Definitions:

Boredom

A state of feeling disinterested in one's surroundings, activities, or responsibilities.

Communicator

An individual or entity that conveys information or messages to others through various mediums.

Message

A piece of information or communication sent from one individual or group to another.

Context

The circumstances or setting surrounding an event, statement, or idea which gives it additional meaning.

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