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________ is an example of replacing a depreciating asset with another depreciating asset.
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
Marie's father bought a used car for $10,000.00 five years ago. In another ten years, it will be worth $400.00. By how much does the car depreciate each year?
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
One example of exchanging a liquid asset for a fixed asset is
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
Depreciation is calculated by
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
The price you pay for an asset at the time of purchase is the
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
By selling a piece of land for cash, you are turning
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
________ are typical operating costs for a car.
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
A(n) ________ is something you own that has economic value.
asset
subtracting salvage value from the historical cost and then dividing by the life of the asset
Selling an old car and buying a new one
historical cost
Repairs and maintenance
using cash to buy real estate
a fixed asset into a liquid asset
$640
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