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Accounting

An expenditure made in connection with a machine being used by an enterprise should be:

a) Expensed immediately if the useful life of the machine is extended.

b) Expensed immediately if it is for a repair to keep the machine in normal operating condition.

c) Capitalized if it is for a repair to keep the machine in normal operating condition.

d) Capitalized if it is an unforeseen expense.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991584

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