Question: Select which items would be treated as Betterments when spending money on an asset: Your company spends $5,000 to repair a truck that has been

Select which items would be treated as Betterments when spending money on an asset:

  1. Your company spends $5,000 to repair a truck that has been damaged in an accident, so that you can use it again.

  2. Sleeping Giant Brewery expands its warehouse to store an additional 30,000 cans of beer.

  3. Intercity mall spends $55,000 to repair the roof, most of which fixes leaks, but may also extend the life of the roof, although that is not certain.

  4. Superstore replaces the lights in the parking lot. The old lights had been at the end of their expected life and the new lights are expected to last 12 years.

  5. Bay Coffee expands its counter space to allow for an extra server to sell to the public, increasing its business area by 25%.

  6. U-Haul replaces the tires on a 3 year old rental because they have been worn out.

  7. Solar panels are added to the roof of the Heartbeat Hot sauce warehouse and are used to generate power for the building.

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