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On January 5, 2020, Eagle Corporation paid $50,000 in real estate taxes for the calendar year. In March of 2020, Eagle paid $180,000 for
On January 5, 2020, Eagle Corporation paid $50,000 in real estate taxes for the calendar year. In March of 2020, Eagle paid $180,000 for an annual machinery overhaul and $10,000 for the annual CPA audit fee. What amount was expensed for these items on Eagle's quarterly interim financial statements? A) Quarter 1 $202,500 Quarter 2 $12,500 Quarter 3 $12,500 Quarter 4 $12,500 B) Quarter 1 Quarter 2 Quarter 3 Quarter 4 $195,000 $15,000 $15,000 $15,000 C) Quarter 1 Quarter 2 Quarter 3 Quarter 4 $65,000 $65,000 $65,000 $65,000 P) Quarter 1 Quarter 2 Quarter 3 Quarter 4 $60,000 $60,000 $60,000 $60,000
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