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The company completely overhauled 10 of its trucks at a significant cost. The overhaul should extend the life of the trucks by at least 3 years.

The company completely overhauled 10 of its trucks at a significant cost. The overhaul should extend the life of the trucks by at least 3 years. Because the company performs similar overhauls each year, the cost has been properly charged to repairs and maintenance

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