Question: answer all PB 4. LO 11.2 During the current year, Arkells Inc. made the following expenditures relating to plant machinery. - Renovated seven machines for

answer all answer all PB 4. LO 11.2 During the current year, Arkells Inc.

PB 4. LO 11.2 During the current year, Arkells Inc. made the following expenditures relating to plant machinery. - Renovated seven machines for $250,000 to improve efficiency in production of their remaining useful life of eight years - Low-cost repairs throughout the year totaled $79,000 - Replaced a broken gear on a machine for $6,000 A. What amount should be expensed during the period? B. What amount should be capitalized during the period

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