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Mr. Bowser owned rental property in Houston. In the current year, the City of Houston assessed Bowser $600 for the repair of street lamps and
Mr. Bowser owned rental property in Houston. In the current year, the City of Houston assessed Bowser $600 for the repair of street lamps and $3,000 for connection of new sidewalks, Bowser also incurred $600 of property taxes on his rental property What is the amount of these expenses that must be capitalized? $0 $3,000 $3,600 $4,200 OOOO
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