Question: Use the Codification to identify the correct Topic, Subtopic, Section and the Paragraph (xxxxxxxx) : 1) How should a deposit on a piece of equipment

Use the Codification to identify the correct Topic, Subtopic, Section and the Paragraph (xxxxxxxx) : 1) How should a deposit on a piece of equipment that is to be purchased within one year be classified on the entitys balance sheet? 2) Identify the accounting authority governing the accounting for a reporting period.

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