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Metro Corporation acquired a used factory building in poor physical condition owing to inadequate maintenance and vandalism. Before placing the building in use, Metro Corporation
Metro Corporation acquired a used factory building in poor physical condition owing to inadequate maintenance and vandalism. Before placing the building in use, Metro Corporation spent several thousand dollars in replacing broken windows, painting the building, and installing new support beams. These expenditures should be recorded by debiting:
A) Repairs Expense.
B) Land.
C) Building.
D) Land Improvements.
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