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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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