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An auto body shop is trying to decide whether or not to purchase a new piece of diagnostic equipment.Which of the following costs would not be relevant to the decision?
Income Taxes Payable
Liabilities owed to the government for income taxes, not yet paid by the company.
Income Tax Expense
The total amount of income tax a company is obligated to pay to the government, reported on its income statement.
Investing Activities
Financial actions that involve the purchase of long-term assets, securities, or other investments to generate future income or value.
Sale of Equipment
The process of disposing or selling a company's equipment assets, which may result in a gain or loss reflected in the income statement.
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