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Business, 26.10.2019 06:43 amarionlucas06

On january 15, 2015, vancey company paid property taxes on its factory building for the calendar year 2015 in the amount of $960,000. in the first week of april 2015, vancey made unanticipated major repairs to its plant equipment at a cost of $2,400,000. these repairs will benefit operations for the remainder of the calendar year. how should these expenses be reflected in vancey's quarterly income statements?

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