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sineoko [7]
2 years ago
14

True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

Business
1 answer:
sergey [27]2 years ago
7 0

a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

This problem is false statement.

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

To learn more about accumulated depreciation from the given link:

brainly.com/question/1287985

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<h3>Net short term cost or gain</h3>

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The North American Securities Administrators Association's Business Continuity and Succession Planning Model Rule is available to members. It mandates that every RIA (registered investment adviser) create, test, and keep updated a Business Continuity Plan tailored to the specifics of the registered investment adviser's operations, including the size of the firm, the services offered, and the number of locations. Protection, backup, and recovery of books and records; Alternative means of communicating with customers, key personnel, employees, vendors, service providers, and regulators, including notice to these persons of significant business interruption, cessation of business activities, or death or unavailability of key personnel; Relocation of office in the event of temporary or permanent loss of a principal place of business;

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