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NEW QUESTION: 1
True or False: Two assets in the same asset class, belonging to different company codes but with the same chart of depreciation, can post to different accounts.
A. False
B. True
Answer: B
Explanation:
Here, as with the certification questions, you need to read the question through and find the essence of the information given. There is almost no chance that some piece of information is given to distract.
Here, the key is that the company codes can have different charts of account assigned. Because the accounts in the account determination are defined per chart of accounts, the two assets could post to separate accounts.