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On a classified balance sheet, PPE will be: a. a noncurrent asset b. a current asset c. a noncurrent liability d. a current liability Red

On a classified balance sheet, PPE will be:

a. a noncurrent asset

b. a current asset

c. a noncurrent liability

d. a current liability

Red Company purchased a new factory machine. Which expenditure is least likely to be included in the cost of the factory machine?

a. purchase price of machine

b. repair after 6 months

c. sales taxes

d. shipping cost of get machine to factory

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