On January 1,2014,Suppose Company paid property taxes on its plant for the calendar year 2014 amounting to $70,000.In March 2014,Suppose made its annual major repairs to its machinery amounting to $210,000.These repairs will benefit the entire calendar year's operations.
How should these expenses be reflected in Suppose's quarterly income statements for 2014?

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The Answer of On January 1,2014,Suppose Company paid property taxes on its plant for the calendar year 2014 amounting to $70,000.In March 2014,Suppose made its annual major repairs to its machinery amounting to $210,000.These repairs will benefit the entire calendar year's operations.
How should these expenses be reflected in Suppose's quarterly income statements for 2014?

On January 1,2014,Suppose Company Paid Property Taxes on Its Plant