Problem $7-4$A $($Static$)$ Record expenditures after acquisition $($LO$7-3)$

Several years ago, Health Services acquired a helicopter for use in emergency situations.

Required:

Select whether Health Services should capitalize or expense each of the following expenditures related to the helicopter delivery operations in the current year:

$\backslash$table$[[1.,\backslash$table$[[$Overhauled the engine at a cost of $$7,500.$ Health Services estimated the work$],[$would increase the service life for an additional five years.$]]],[2.,\backslash$table$[[$Cleaned$,$ repacked, and sealed the bearings on the helicopter at a cost of $$800.],[$This repair is performed annually.$]]],[3.,$Added new emergency health equipment to the helicopter for $$25,000.],[4.,\backslash$table$[[$Modified the helicopter to reduce cabin noise by installing new sound barrier$],[$technology at a cost of $$15,000.]]],[5.,\backslash$table$[[$Paid insurance on the helicopter for the current year, which increased $15\%$ over$],[$the prior year to $$9,000.]]],[6.,$Performed annual maintenance and repairs at a cost of $$39,000.]]$