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1. List the objectives of accounting for property, plant and equipment 2.Describe how cost is...

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Accounting

1. List the objectives of accounting for property, plant and equipment

2.Describe how cost is assigned to individual assets when they are acquired in a lump-sum group purchase.

3. How did SFAS No. 116, now FASB ASC 605-10-15-3, change the accounting for donated assets?

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