Contra Asset Account
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Saved by 1 people (0 private), first by anonymouse user on 2007-05-14
- Pianoer on 2007-05-14 - Tags accounting , asset , contra , finance
Public Sticky notes
A contra asset account is a negative asset account. Examples of include a non-current asset like machinary that is depreciated, the depreciated amount is represented in the accounts as a contra asset.
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