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Describe the systematic allocation of the cost

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Reference no: EM132473561

Question 1: The word to describe the systematic allocation of the cost of a plant asset from the balance sheet to an expense on the income statement is __________.

Question 2: The amount a sole proprietorship gives to its owner for the owner's personal consumption is recorded as a credit to Cash and a debit to the owner's __________ account.

Reference no: EM132473561

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