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H3Ko H3Ko
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7 years ago
An asset is considered to be obsolete ________.
A) only when it wears out
B) when it is fully depreciated
C) only at the end of its useful life
D) when a newer asset can perform the job more efficiently than the old asset can
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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