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URL:https://www.learndesk.us/class/6070885985288192/lesson/8b1c992c3a35ed658a9017db9725cbda?ref=outlook-calendar
SUMMARY:Contra Assets
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/6070885985288192/lesson/8b1c992c3a35ed658a9017db9725cbda?ref=outlook-calendar
DESCRIPTION: In this lesson, we talk about the contra assets which have negative future benefits and they all follow a very similar pattern on how they work in practice. They are essentially reducing the book value of an asset to its net book value. Some examples include an allowance for doubtful debts, provision for stock obsolescence and accumulated depreciation/amortization. They are effectively writing down the asset based on events that reduce the likelihood they will result in a future economic benefit to the business.

https://www.learndesk.us/class/6070885985288192/lesson/8b1c992c3a35ed658a9017db9725cbda?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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