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Which of the following pertaining to ordinary repairs is false? Multiple Choice w They include activities such as cleaning, lubricating, and changing oil. They extend

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Which of the following pertaining to ordinary repairs is false? Multiple Choice w They include activities such as cleaning, lubricating, and changing oil. They extend the useful life of an asset beyond its original estimate by several years. They are expenditures to keep an asset in good operating condition They include activities such as cleaning, lubricating, and changing oil. They extend the useful life of an asset beyond its original estimate by several years. They are expenditures to keep an asset in good operating condition. They are reported on the current period income statement. They are treated as expenses

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