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Felix Little owns and operates Big Sky Transport. During the last year, Felix incurred the following costs related to his 18-wheel truck. Which cost(s) should
Felix Little owns and operates Big Sky Transport. During the last year, Felix incurred the following costs related to his 18-wheel truck. Which cost(s) should be treated as capital expenditures?
Which of the following is true?
changed the engine oil every 3,000 miles
replaced the tires
installed a small television in the sleeping compartment
installed a new transmission
all of the above costs should be treated as capital expenditures
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