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The policy of the Liebnitz Co. is to recondition its building and equipment each year so that they are maintained in perfect repair. Because of

The policy of the Liebnitz Co. is to recondition its building and equipment each year so that they are maintained in perfect repair. Because of the extensive maintenance and repair cost incurred in 2012, the company president believes that depreciation expense should not be recorded for 2012 do you agree or disagree and why?

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