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Diamond Co . paid cash to overhaul a forklift, which extended the life of the forklift for an additional four years. The entry to record
Diamond Co paid cash to overhaul a forklift, which extended the life of the forklift for an additional four years. The entry to record this purchase would include a debit to the account.
Equipment
Cash
Repairs & Maintenance Expense
Depreciation Expense Equipment
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
