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On the Balance Sheet,it Is Not Necessary to Report Both

question 121

True/False

On the balance sheet,it is not necessary to report both the cost and the accumulated depreciation of an asset.


Definitions:

File Explorer

A graphical file management utility included with Windows operating systems, used for browsing, opening, copying, and managing files and folders.

Colon

A punctuation mark (:) used to precede a list of items, a quotation, or an expansion or explanation.

File Explorer

The file management application included in Windows operating systems, used to browse, organize, and manage files and folders.

Windows Application

A software program designed to run on the Windows operating system, providing a wide range of functionalities.

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