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Question

Asset account continues to appear at its _____________ every year for entire life.

A
Book value
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B
Written Down Value
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C
Original Cost
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D
None
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Solution

The correct option is C Original Cost
Option C is the Correct option.
Asset account continues to appear at its original cost year after year over its entire life; Depreciation is accumulated on a separate account instead of being adjusted into the asset account at the end of each accounting period.

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