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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

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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 this purchase would include a debit to the account.
Equipment
Cash
Repairs & Maintenance Expense
Depreciation Expense - Equipment
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