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7.Assume that a delivery vehicle acquired for $100,000, is repainted one month after acquisition. The cost of repainting is $3,000. The vehicle is to be

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7.Assume that a delivery vehicle acquired for $100,000, is repainted one month after acquisition. The cost of repainting is $3,000. The vehicle is to be used as a delivery vehicle Required: Briefly discuss whether or not this cost must be capitalized to the vehicle

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