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A firm replaced a key part on a production machine which increased its production rate from 20 units per day to 35 units per day.
A firm replaced a key part on a production machine which increased its production rate from 20 units per day to 35 units per day. The amount spent on replacing the part should be debited to:
Other expenses. | ||
Equipment. | ||
Repairs expense. | ||
Maintenance expense. |
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