Question: On December 30 2015 you buy a Ford Expedition It
On December 30, 2015, you buy a Ford Expedition. It comes with a three-year, 60,000-km warranty. On March 5, 2016, you return the Expedition to the dealership for some basic repairs covered under the warranty. The cost of the repairs to the dealership is $1,645. In what year, 2015 or 2016, should Ford Motor Company recognize the cost of the warranty repairs as an expense?
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