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When recording the disposal of a long-term operating asset, why is it necessary to debit the accumulated depreciation of the old asset?

When recording the disposal of a long-term operating asset, why is it necessary to debit the accumulated depreciation of the old asset?

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Accounting concepts and applications

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Details
Chapter # 9
Section: Discussion Questions
Problem: 13
Posted Date: December 30, 2011 04:48:51
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