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Business, 27.06.2019 04:30 sofo24

Crestfield leases office space for $7,000 per month. on january 3, the company incurs $37,000 to improve the leased office space. these improvements are expected to yield benefits for 5 years. crestfield has 2 years remaining on its lease. what journal entry would be needed to record the expense for the first year related to the improvements?

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Crestfield leases office space for $7,000 per month. on january 3, the company incurs $37,000 to imp...
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