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Business, 27.02.2020 17:19 karlaperez6852

You should create a scenario for 4 separate transactions that address the following issues from Chapters 10 and 11 (you can have a separate sheet for each scenario or one sheet that includes them all): A. Cash purchase of a long-term asset that includes an asset retirement obligation, B. One self-constructed asset that will not be completed by the end of the year which includes at least 2 expenditures during the fiscal year, C. One impairment of either goodwill or another long-term asset that is held and used, D. Depreciation for each remaining quarter – you pick a method as if it had been in place and record entries for 2nd, 3rd, and 4th quarter. Use an appropriate existing expense account or add a depreciation expense account.

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