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Question 10 4 pts At the beginning of the third year of the useful life of one of its tangible assets, ABC Company paid cash

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Question 10 4 pts At the beginning of the third year of the useful life of one of its tangible assets, ABC Company paid cash for an expenditure that extended the estimated useful life from its originally-estimated 5 years to a revised total of 6 years. ABC should treat this expenditure None of these options is correct. As an increase to the net book value of the asset as of the beginning of the third year and depreciate the cost over the remaining four years (in Years 3 through 6). As an increase to the net book value of the asset as of the beginning of the third year and depreciate the cost over the next three years in Years 3 through 5 only) As repair and maintenance expense in Year 3

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