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1. 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
1. 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 2. If an asset produces more revenue in its early years, the depreciation method best suited for this asset would be the A. expense method B. units- of-production method C. double-declining balance method D. straight-line method
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