In what year, 2003 or 2004, should Ford Motor Co. recognize the cost of the warranty repairs as an… 1 answer below »

On December 30, 2003, you buy a Ford Expedition. It comes with a three-year, 36,000- mile warranty. On January 21, 2004, you return the Expedition to the dealership for some basic repairs covered under the warranty. The cost of the repairs to the dealership is $315. In what year, 2003 or 2004, should Ford Motor Co. recognize the cost of the warranty repairs as an expense?

"Is this question part of your assignment? We can help"

ORDER NOW