MCQs>Finance & Management>Bookkeeping>If a 4 year old asset (equipment) was sold on credit for the book value of $5,000, the total value of assets in the firm's accounting equation is ....?
Bookkeeping MCQs
If a 4 year old asset (equipment) was sold on credit for the book value of $5,000, the total value of assets in the firm's accounting equation is ....?
Answer
Correct Answer: Unchanged
Explanation:
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