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On 1/1/2023 Tom Construction made a routine (ordinary) repair to a machine for TomCompany that mal the machine's condition. The costs of the repair for
On 1/1/2023 Tom Construction made a routine (ordinary) repair to a machine for TomCompany that mal the machine's condition. The costs of the repair for Tom Company should be:
capitalized in the machine account.
debited to accumulated depreciation.
expensed.
allocated between accumulated depreciation and the machine account.
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