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Company L plans to build a facility for a special project. The firm will not use this facility after the project is complete. How does

Company L plans to build a facility for a special project. The firm will not use this facility after the project is complete. How does the company record this facility under GAAP?
Depreciated and expensed.
Expensed in the current year.
Capitalized only.
Capitalized and depreciated.

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