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expenditures operating assets after the acquisition must be classified as either revenue expenditures (called repairs and maintenance expense ) or capitalor capital expenditures. these two
expenditures operating assets after the acquisition must be classified as either revenue expenditures (called repairs and maintenance expense ) or capitalor capital expenditures. these two terms mean that
Two of the other answers are correct
Revenue expenditures increase the appropriate asset accounts
Capital expenditures benefit one or more future
Revenue expenditures benefit only the current.
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