Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers
elance-zoho-creator-exam.pdf

A firm is purchasing equipment for its operations. The equipment has a useful life of 7 years. On the firm’s financial statements the equipment should be recorded as:

Debit to Property, Plant and Equipment and a Credit to Depreciation Expense.
Credit to Property, Plant and Equipment and a Debit to Cash.
Debit Property, Plant & Equipment and Credit Cash.
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