Question: Question 7 (Mandatory) (1 point) Expenditures that extend a plant asset's useful life should be capitalized. True False Question 8 (Mandatory) (1 point) Costs that

Question 7 (Mandatory) (1 point) Expenditures that extend a plant asset's

Question 7 (Mandatory) (1 point) Expenditures that extend a plant asset's useful life should be capitalized. True False Question 8 (Mandatory) (1 point) Costs that do NOT extend a plant asset's capacity or its useful life, but merely maintain the asset or restore it to working order are recorded as: expenses. modification of assets. capital expenditures. extraordinary repairs. 8

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