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You are analyzing three past years of income and expenses to establish your proforma. You notice that last year the repairs and maintenance line is

  1. You are analyzing three past years of income and expenses to establish your proforma. You notice that last year the repairs and maintenance line is significantly higher than the two prior years. You find out that the owner had just replaced all the HVAC units last year and expensed them. How would you handle this for your proforma?

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