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Jack had the following expenditures relating to his rental property: 1. Assessment for the repair of sidewalk $1,000 - 2. Property tax on rental house
Jack had the following expenditures relating to his rental property:
1. Assessment for the repair of sidewalk $1,000 - 2. Property tax on rental house $2,000
3 .Newly constructed sewage system $8,000 4. New heating system $8,000
What amount of the above expenditures should be capitalized and amortized?
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