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Suggest the most significant objective of a company that reports intercompany sales non-depreciable property. Indicate if the resulting financial statements would be misleading if the information was not reported according to the financial reporting objectives. Provide support for your rationale.

Assess the financial reporting objectives for nondepreciable property and depreciable property. Recommend two additional reporting objectives for nondepreciable property. Support reasons why the additional reporting requirements that you recommended would be useful to financial statement users.

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