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49.The cost of a major overhaul of equipment that extends its total useful life by five years would be: Group of answer choices 1.added to
49.The cost of a major overhaul of equipment that extends its total useful life by five years would be:
Group of answer choices
1.added to the carrying amount of the asset causing future depreciation to be increased.
2.treated as an expense.
3.cause for an adjustment to prior years' depreciation on the equipment.
4.charged to a separate asset account and depreciated over five years.
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