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Multiple Choice Question 16 The Favre Company made the following expenditures related to its building: Annual repainting of exterior $1700 Replacement of old fiberglass shingles

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Multiple Choice Question 16 The Favre Company made the following expenditures related to its building: Annual repainting of exterior $1700 Replacement of old fiberglass shingles with a fireproof tile roof 33000 Major improvements to electrical system required to run new machinery 18000 The amount of the preceding expenditures that should be immediately expensed is: $0. $1700 $34700. $19700

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