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Both of these expenditures shall be addressed as the funds expenditures of the current financial calendar year. Nonetheless, the costs connected to the fix of torn seats $ 100,000 shall be handled as income fees and recorded during the P/L account. Once-a-year cleaning expense of $ ten,000 shall be dealt with as earnings fees and recorded in P/L account.
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Notably, the fee product does not acquire into consideration the click here for more info actual alterations that could crop up through the improve in the value standard of an asset (Hu, Percy & Yao, 2015).
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