An improvement made to a machine increased its fair market value and its productive capacity by 5

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An improvement made to a machine increased its fair market value and its productive capacity by $50 %$ without extending the machine $’$ s useful life. The cost of the improvement should be:

A $.$ debited to Repair Expense.

B $.$ debited to Accumulated Depreciation.

C $.$ debited to Machinery.

D $.$ allocated between Machinery and Depreciation Expense.

Related Book For answer-question

Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Posted Date: Jan 22, 2024 08:27 AM

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An improvement made to a machine increased its fair market value and its productive capacity by 5

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Intermediate Accounting principles and analysis

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