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Question 3 1 When an expenditure on a long-term asset is capitalized, the amount of the expenditure is shown as an expense in the current

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Question 3 1 When an expenditure on a long-term asset is capitalized, the amount of the expenditure is shown as an expense in the current income statement. the amount of the expenditure is not shown on the balance sheet. the amount of the expenditure is shown on the balance sheet under the net fixed assets. none of the above

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