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Troyanec [42]
4 years ago
7

If an expenditure related to a depreciable asset is incorrectly treated as a capital expenditure, instead of as repairs and main

tenance expense, which of the following statements is true?A. The current year's net income will be lower and future depreciation expense will be higher.
B. The current year's net income will be higher and future depreciation expense will be lower.
C. The current year's net income will be higher and future depreciation expense will be higher.
D. The current year's net income will be lower and future depreciation expense will be lower.
Business
1 answer:
ratelena [41]4 years ago
5 0

Answer:

The answer is letter C.

Explanation:

The current year's net income will be higher and future depreciation expense will be higher.

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MM Proposition I with corporate taxes states that:
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Answer:

d.) I and II

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Detailed calculations are carried out in the attachment below.

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