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1. (a) Why do we treat revenue and capital expenditures differently? And, (b) Give one example of each (c) When an extraordinary repair is made

1. (a) Why do we treat revenue and capital expenditures differently? And, (b) Give one example of each (c) When an extraordinary repair is made to an asset, why do you debit accumulated depreciation?...Wouldnt it be easier to simply debit the asset account? After all, the value to the asset has just increased due to the repair.

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