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Result of recording capital expenditure revenue expenditure

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Reference no: EM13825478

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

Reference no: EM13825478

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