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On January 1, 2025, Skysong Company rearranged its production line to improve efficiency resulting in greater productivity. The costs to rearrange the plant layout amounted

On January 1, 2025, Skysong Company rearranged its production line to improve efficiency resulting in greater productivity. The costs to rearrange the plant layout amounted to $110,000 and the costs to reinstall some of the machinery components were $23,000. What amount of these costs should be capitalized?

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