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Find the asset should be fully depreciated

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Reference no: EM132712072

Problem 1: For an asset to be held for sale,: 1. It must be available for immediate sale in its present condition 2. Its sale must be highly probable 3. The management must be committed to a plan to sell the asset 4. The management must have an active program to locate a buyer 5. The asset must be actively marketed for sale 6. The sale should be expected to be completed within one year from the date of classification 7. The asset should be fully depreciated

A. 1 to 6 only

B. 1 to 4 only

C. 1 to 5 only

D. 1 to 7 all

Reference no: EM132712072

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