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How Should an Expenditure for an Ordinary Repair to Factory

Question 90

Multiple Choice

How should an expenditure for an ordinary repair to factory equipment be recorded?


A) As an expense in the period incurred.
B) Debited to an asset account but not depreciated over future years.
C) Debited to an asset account and depreciated over the current and future years.
D) Debited to accumulated depreciation.

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