Exercise 10-23 be accounted for properly. Any errors will affect both the balance sheets and income statements for a Plant assets often require expenditures subsequent to acquisition. It is important that they be accounted for properly. Any errors wll number of years. For each of the following items, indicate whether the expenditure should be capitalized or ex ensed in the period incurred. Items (b) Replacement of a minor broken part on a machine (c) Expenditure that increases the useful life of an existing asset. (d) Expendture that idcreases the efficiency and effectiveness of a productive asset but does not increase its salvage value. (e) Expendture that increases the efficiency and effectiveness of a productive asset and increases the asset's salvage value. (1) Expenditure that increases the quaity of the output of the productive asset. to) Improvement to a machine that increased its far market value and its production capecity by 30% without extending the machine's useful ite. (h) Ordinary repairs