Business, 18.11.2020 16:50 mf7252001

A company purchased equipment on January 1, 2021, for $70,000. In addition, throughout 2021 the following costs related to the equipment have been incurred: Routine maintenance $4,500
Employee operating costs 14.800
Utilities cost 3.300

The amount of expenditures to capitalize for the year is:

a. $92,600
b. $74,500
c. $70,000
d. $84.800

Answers: 2

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A company purchased equipment on January 1, 2021, for $70,000. In addition, throughout 2021 the foll...

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