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Determine if the item would be capitalized and reported on the balance sheet or expensed and reported on the income statement. __ Oil Change __

Determine if the item would be capitalized and reported on the balance sheet or expensed and reported on the income statement.

__ Oil Change

__ Engine overhaul

__ Replacing burned out light bulbs

__ Adding an addition to a building

__ Cleaning the carpets routinely in a building

A. expensed

B. capitalized

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