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60) Truck operates a large trucking fleet. the company performed major overhaul on one of...

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Accounting

60) Truck operates a large trucking fleet. the company performed major overhaul on one of its trucks in the amount of 50,000 that extended the useful life of the truck. the accountabt erroneously expensed the capital expenditure. what are the effects of the accounting error on the income statement for the year the error was made?

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