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Crestfield leases office space. On January 3, the company incurs $15,000 to improve the leased office space. These Improvements are expected to yield benefits for

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Crestfield leases office space. On January 3, the company incurs $15,000 to improve the leased office space. These Improvements are expected to yield benefits for 10 years. Crestfield has 5 years remaining on its lease. What journal entry would be needed to record the expense for the first year related to the improvements

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