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A company has installed a piece of machinery for a total of $76,000. In its third month of operation, repairs of $1,300 had to be made on the machine. This $1,300 would be:

a) added to the cost of the machinery

b) treated as machinery repairs expense

c) placed in a separate account to be capitalized

d) a maintenance expense

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973887

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