Assets can be revalued in a partnership change because (A) The law insists upon it (B) It
Question:
Assets can be revalued in a partnership change because
(A) The law insists upon it
(B) It helps prevent injustice to some partners
(C) Inflation affects all values
(D) The depreciation charged on them needs to be reversed
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The correct option is D The depreciation charged on them needs to be reversed Assets can be revalued ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 1
ISBN: 9780273681496
10th Edition
Authors: Frank Wood, Alan Sangster
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