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In January, 2022, Harmony Inc. has the following expenditures related to manufacturing a new generation of its product. Match each expenditure to the appropriate accounting
In January, 2022, Harmony Inc. has the following expenditures related to manufacturing a new generation of its product. Match each expenditure to the appropriate accounting treatment on the right. 3. Takes possession of a manufacturing machine. The vendor sends an invoice for $650,000. A. Expense. V Pays a machine import duty of $35,000 to the government. E. Capitalize to the Machine account. V Pays employees $75,000 for research and development to finalize the new product design._ E. No accounting entry is necessary. Veceives an invoice for $4.250 from the company that shipped the machine. D. Capitalize to a different asset account. V Pays employees $16.500 to install. customize, and test the new manufacturing machine. V Pays $1.200 for a one-year insurance policy for the machine. with coverage beginning when the machine is placed into service on February 16
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