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Need Help: Phoenix Agency leases office space for $6,300 per month. On January 3, Phoenix incurs $94,400 to improve the leased office space. These improvements

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Phoenix Agency leases office space for $6,300 per month. On January 3, Phoenix incurs $94,400 to improve the leased office space. These improvements are expected to yield benefits for 10 years. Phoenix has 8 years remaining on its lease. Compute the amount of expense that should be recorded the first year related to the improvements.

Multiple Choice

A. $9,440.

B. $6,300.

C. $18,100.

D. $15,740.

E. $11,800.

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