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Q16: Roule Inc. owns a truck it acquired in X10. In fiscal year X13, the company paid an amount of $35,000 to add an automated
Q16:
Roule Inc. owns a truck it acquired in X10. In fiscal year X13, the company paid an amount of $35,000 to add an automated loading mechanism. This amount must be:
Recorded in full in an expense account for fiscal year X13
Recorded as Prepaid Expenses
None of the above
Added among non-current liabilities
Added to the cost of the truck, therefore capitalized
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