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  3. Study Set
    Income Tax Fundamentals
  4. Exam
    Exam 7: Accounting Periods and Methods and Depreciation
  5. Question
    Maintenance Costs for Capital Assets Are Deducted in the Year
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Maintenance Costs for Capital Assets Are Deducted in the Year

Question 94

Question 94

True/False

Maintenance costs for capital assets are deducted in the year the amount is paid or incurred.

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