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Fly With Me Airlines has a rotating schedule of planned overhauls of its aircraft. A major overhaul of the aircraft fleet is performed every five

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Fly With Me Airlines has a rotating schedule of planned overhauls of its aircraft. A major overhaul of the aircraft fleet is performed every five years and costs $560000 per aircraft. Fly With Me has a fleet of 180 aircraft and 30 aircraft get overhauled each year. How does Fly With MeAirlines account for these overhauls each year? $16800000 of repairs and maintenance expense each year $100800000 of prepaid expense every five years $16800000 capitalized and depreciated over the next five years $100800000 of capitalized costs every five years

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