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During the first month of its current fiscal year, Green Co. incurred repair costs of $22,000 on a machine that had 4 years of remaining
During the first month of its current fiscal year, Green Co. incurred repair costs of $22,000 on a machine that had 4 years of remaining depreciable life. The repair cost was inappropriately capitalized. Green Co. reported operating income of $159,000 for the current year. Indicate the effect on ROI of subsequent years if the error is not corrected? Is it High, Low or stays the same
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