An improvement made to a machine increased its fair market value and its production capacity by 25 percent without extending the machine's useful life. The cost of the improvement should be
a. expensed.
b. debited to Accumulated Depreciation.
c. capitalized in the machine account.
d. allocated between Accumulated Depreciation and the machine account.
C
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Stacey deposits $5,000 into an account that pays 2 percent interest, compounded annually. At the same time, Kurt deposits $5,000 into an account paying 3.5 percent interest, compounded annually. At the end of three years:
a. both stacey and kurt will have accounts of equal value b. kurt will have twice the money saved that stacey does c. kurt will earn exactly twice the amount of interest that stacey earned d. kurt will have a larger account value than stacey will e stacey will have more money saved than kurt
A political union addresses the issue of how to make a coordinating bureaucracy accountable to the citizens of member nations of an economic union
Indicate whether the statement is true or false.