Multiple Choice
What is an extraordinary repair to a building?
A) It is a revenue expenditure and it is debited to an expense account.
B) It is a capital expenditure and it is debited to an asset account.
C) It is a capital expenditure and it is debited to an expense account.
D) It is a revenue expenditure and may be debited to accumulated depreciation.
Correct Answer:
Verified
Correct Answer:
Verified
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