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What if the steel sleeves were replaced with a bonding agent? What FASB ASC or Concept Statement could best be used to determine whether a bonding agent can be expensed or capitalized.

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Danielle Martinez
July 10, 2018 Assume that a plant accountant has contacted you to ask whether the steel sleeves (materials and installation) should be recorded as an asset or as an expense. Using guidance
from the Conceptual Framework, analyze this issue and prepare an email response to the plant accountant.

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