Question: Question # 29 Revisit Choose the best option An entity Installed an assembly line in 20X0. Four years later, 100,000 was invested to automate the

Question # 29 Revisit Choose the best option An

Question # 29 Revisit Choose the best option An entity Installed an assembly line in 20X0. Four years later, 100,000 was invested to automate the line The automation increased the market value and productive capacity of the assembly line but did not affect Its useful life. Proper accounting for the cost of the automation should be to O Report it as an expense in 20X4. Establish a separate account for the 100,000. Allocate the cost of automation between the asset and accumulated depreciation accounts Debit the cost to the property, plant, and equipment account

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