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Explain whether you would classify the transaction as material and explain why or why not. Rainbow Records expenses all capital equipment under $25,000 on the
Explain whether you would classify the transaction as material and explain why or why not. Rainbow Records expenses all capital equipment under $25,000 on the basis it is immaterial. The company has followed this practice for a number of years. its average yearly capital expenditures over the last 5 years is $25 million. Please be thorough.
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