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The replacement of the bumper of a company's delivery truck would be classified as a(n) O non-monetary exchange. O addition O renovation. O ordinary repair.

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The replacement of the bumper of a company's delivery truck would be classified as a(n) O non-monetary exchange. O addition O renovation. O ordinary repair. Which of the following is NOT true of ordinary repairs? O They primarily benefit the current accounting period. O They can be referred to as operating expenditures. O They maintain the expected productive life of the asset. They increase the productive capacity of the asset

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