The result of recording a capital expenditure as a revenue expenditure is an: a. Overstatement...
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Accounting
The result of recording a capital expenditure as a revenue expenditure is an:
a. Overstatement of current year's expense
b. Understatement of current year's expense
c. Understatement of subsequent year's net income
d. Overstatement of current year's net income
e. None of the above
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