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Q31. Which of the following costs related to a long-life asset would NOT be capitalized? A. Shipping costs incurred to receive the asset B.

Q31. Which of the following costs related to a long-life asset would NOT be capitalized? A. Shipping costs incurred to receive the asset B. Routine repair costs related to the asset C. Legal fees paid to a lawyer related to taking ownership of the asset D. Cost of improvements that extend the life of the assets

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