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J&S Development Company has spent $ 3 , 0 0 0 , 0 0 0 in expenditures to expand a building that originally cost $
J&S Development Company has spent $ in expenditures to expand a building that originally cost $ The expenditures are expected to benefit operations over the building's remaining useful life of ten years. The expenditures have been expensed as maintenance. Which accounting assumptions andor principles have been violated?
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