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How many of the following transactions would require capitalization of an asset? Pay rent in advance Buy a machine with a note Buy a building
How many of the following transactions would require capitalization of an asset?
Pay rent in advance
Buy a machine with a note
Buy a building with cash
pay monthly salaries
Pay for maintenance that extends the life of an asset
Incur research and developmet costs related to future products
A. 1
B. 2
C. 3
D. 4
E. 5
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