Which of the following are appropriate to state about Depreciation? Select all that apply. Group...
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Accounting
Which of the following are appropriate to state about Depreciation? Select all that apply. Group of answer choices All assets except land depreciate, or lose value over time through use, wear and tear, or technological obsolescence If the asset were recognized and the depreciation expense not taken into consideration, the assisted living communitys real cost of operations would be significantly understated All ALC assets, whether they are purchased or donated, must be included in the communitys balance sheet Depreciation must be recorded as an operating expense
Which of the following are appropriate to state about Depreciation? Select all that apply.
Group of answer choices
All assets except land depreciate, or lose value over time through use, wear and tear, or technological obsolescence
If the asset were recognized and the depreciation expense not taken into consideration, the assisted living communitys real cost of operations would be significantly understated
All ALC assets, whether they are purchased or donated, must be included in the communitys balance sheet
Depreciation must be recorded as an operating expense
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