True or False: TUV Inc.'s fiscal year is the same as the calendar year. On...

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Accounting

True or False: TUV Inc.'s fiscal year is the same as the calendar year. On January 1st,2019 TUV Inc. purchases a $25,000 car with an estimated 10 year useful life. On December 31st,2019, TUV Inc. has no adjusting entries to make.
Select one:
True
False
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