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GAAP stipulates that firms should do what with expenditures that increase the service potential of an asset beyond that originally anticipated? Ignore if not material

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GAAP stipulates that firms should do what with expenditures that increase the service potential of an asset beyond that originally anticipated? Ignore if not material Capitalize the expenditure and depreciate it over the remaining service life of the asset. Expense the expenditure immediately. Charge it off to shareholders' equity

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