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Which One is False? The Net Book Value of Equipment is Equal to the Cost of the Equipment
Less the Accumulated Depreciation. on theEquipment A Customer Deposit (Uneamed revenue)
is recorded when we recelve cash from a customer Before we provide any Services. Depreciation
is the Allocation of the Cost of Property and Equipment Over its Useful Life A Prepaid Asset is
recorded when we receive cash before we receive any goods or services

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