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Business, 03.05.2021 14:30 noahmartinez3636

A major addition to equipment should have been capitalized in the year 2021 but was incorrectly expensed. Which of the following is (are) true? Multiple Choice Income in 2021 is understated. Income in future years is overstated. Assets in 2021 are understated. All of these answer choices are true.

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