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Jax Company spends $3,200 on existing equipment. If Jax correctly records the $3,200 as shown below, then it could be that the expenditure is serving
Jax Company spends $3,200 on existing equipment. If Jax correctly records the $3,200 as shown below, then it could be that the expenditure is serving only to maintain the equipment in its normal operating condition.
Repair Expense (dr) $3,200
Cash (cr) $3,200
true or false
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