Western Wholesale Foods incurs the following expenditures during the current fiscal year. Required: How should Western...

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Western Wholesale Foods incurs the following expenditures during the current fiscal year. Required: How should Western account for each of these expenditures? 1. Salaries for the repair technicians, $148,000 2. Remodeling of the executive offices, $81,600 3. Annual maintenance costs related to its machinery, $78,800 4. Improvement of the production line resulting in an increase in productivity, $33,800 5. Addition of a sprinkler system to the manufacturing facility to reduce the risk of fire damage, $36,300 Capitalize and depreciate over the service life of the asset. Expense in the period incurred. Match the term to the appropriate definition: Definitions A) Recording an expenditure as an asset. B) Expenses after acquisition that maintain a given level of benefits. C) The cost of replacing a major component of an asset. D) Occurs when we add a new major component to an existing asset. E) Large enough to influence an investor's or creditor's decision. Addition Capitalize Terms Improvement Materiality Western Wholesale Foods incurs the following expenditures during the current fiscal year. Required: How should Western account for each of these expenditures? 1. Salaries for the repair technicians, $148,000 2. Remodeling of the executive offices, $81,600 3. Annual maintenance costs related to its machinery, $78,800 4. Improvement of the production line resulting in an increase in productivity, $33,800 5. Addition of a sprinkler system to the manufacturing facility to reduce the risk of fire damage, $36,300 Capitalize and depreciate over the service life of the asset. Expense in the period incurred. Match the term to the appropriate definition: Definitions A) Recording an expenditure as an asset. B) Expenses after acquisition that maintain a given level of benefits. C) The cost of replacing a major component of an asset. D) Occurs when we add a new major component to an existing asset. E) Large enough to influence an investor's or creditor's decision. Addition Capitalize Terms Improvement Materiality