Apsc221 midterm 2 - Study guides, Class notes & Summaries
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APSC221 Midterm 2 Question and answers rated A+ 2024/2025
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APSC221 Midterm 2 Question and answers rated A+ 2024/2025 APSC221 Midterm 2 
 
use-related physical loss, time-related physcial loss, functional loss - correct answer reasons for depreciation 
 
market value - correct answer estimated value an asset can be sold for in an open market (real value if sold) 
 
book value - correct answer estimated value of an asset for accounting purposes 
 
scrap value - correct answer real or estimate value of an asset at the end of its physical life 
 
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