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Additions to plant assets? (a) decrease liabilities. (b) increase a repair expense account. (c) increase a purchases account. 0 (d) are capital expenditures.

Additions to plant assets? (a) decrease liabilities. (b) increase a repair expense account. (c) increase a purchases account. 0 (d) are capital expenditures.

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter5: Adjusting Entries And The Work Sheet
Section: Chapter Questions
Problem 1MC: LO1 The purpose of depreciation is to (a) spread the cost of an asset over its useful life. (b) show...
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choose right one options this is account releted questions. Note: no explanation need. but give correct options

Additions to plant assets? (a) decrease liabilities. (b) increase a repair expense account. (c) increase a purchases account. 0 (d) are capital expenditures.
Transcribed Image Text:Additions to plant assets? (a) decrease liabilities. (b) increase a repair expense account. (c) increase a purchases account. 0 (d) are capital expenditures.
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