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Capitalizing expenses as depreciable assets will cause income to be ____________ in the current period and _______________ in future periods. Understated; overstated Understated; understated Overstated;

Capitalizing expenses as depreciable assets will cause income to be ____________ in the current period and _______________ in future periods.

Understated; overstated

Understated; understated

Overstated; understated

Overstated; overstated

None of the above

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