The cost of an asset less accumulated depreciation equals

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Reference no: EM131289370

1. If the balance of supplies at the start of the month was $700 and at the end of the month you had $250 on hand, the adjustment for Supplies would be:

A. $450

B. $550

C. $250

D. $700

2. The cost of an asset less accumulated depreciation equals:

A. residual value.

B. book value.

C. depreciation expense.

D. None of these answers are correct.

Reference no: EM131289370

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