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On June 1, 2010, Kall Print Co

Question 76

Multiple Choice

On June 1, 2010, Kall Print Co. replaced one of its printing presses. The following information is available on that date:
On June 1, 2010, Kall Print Co. replaced one of its printing presses. The following information is available on that date: During 2010, Kall Print incurred $500 repair costs. What amount should Kall Print capitalize as the cost of the new printing press? A) $375,000 B) $383,500 C) $385,000 D) $385,500 E) none of the above During 2010, Kall Print incurred $500 repair costs. What amount should Kall Print capitalize as the cost of the new printing press?


A) $375,000
B) $383,500
C) $385,000
D) $385,500
E) none of the above

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