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Instructions Rick's Towing Company in Birmingham, Alabama, owns three tow trucks. During the current year, Rick performed maintenance on the trucks and realized he had
Instructions Rick's Towing Company in Birmingham, Alabama, owns three tow trucks. During the current year, Rick performed maintenance on the trucks and realized he had to make improvements to the engines on two of his trucks. The improvements totaled $55,000. Required: Prepare the journal entries Rick may make under two alternative methods for the improvements made to his trucks
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