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Notice that accumulated depreciation stood at $870 million and the end of 2006 and at $903 million at year-end 2007. Assume that depreciation expense for 2007 was $100. describe what must have happened to account for the remainder of the change in the accumulated depreciation account during 2007.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972274

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