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A woman buys furniture for her nursing home from the brother's store. How does their relationship affect the appropriate accounting? She cannot capitalize the furniture
A woman buys furniture for her nursing home from the brother's store. How does their relationship affect the appropriate accounting? She cannot capitalize the furniture as a long-lived asset, she cannot capitalize any costs of transportation and installation, she cannot use the purchase price as the initially capitalized book value without an independent appraisal, or the family relationship has no effect on the accounting
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