On March 15, 20X1, Burge Company paid property taxes of $180,000 on its factory building for calendar

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On March 15, 20X1, Burge Company paid property taxes of $180,000 on its factory building for calendar year 20X1. On April 1, 20X1, Burge made $300,000 in unanticipated repairs to its plant equipment. The repairs will benefit operations for the remainder of the calendar year. What total amount of these expenses should be included in Burge’s quarterly income statement for the three months ended June 30, 20X1?

a. $75,000

b. $145,000

c. $195,000

d. $345,000

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Advanced Financial Accounting

ISBN: 9781260165111

12th Edition

Authors: Theodore Christensen, David Cottrell, Cassy Budd

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