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Ordinary repair and maintenance expensed as incurred generally recurring and relatively small in size all are ordinary R&M are routine in nature Question 6 The
Ordinary repair and maintenance expensed as incurred generally recurring and relatively small in size all are ordinary R&M are routine in nature Question 6 The balance in the AD account represents the amount deducted from the cost of the asset to arrive at fair market value depreciation expense for the current year the amount added to the cost of the asset to arrive at fair market value depreciation expense taken since purchase of the asset
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