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  3. 2. during the current year, arkells inc. made the

2. During the current year, Arkells Inc. made the following expenditures relating to plant machinery....

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Accounting

2. During the current year, Arkells Inc. made the following expenditures relating to plant machinery.

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A. What amount should be expensed during the period? B. What amount should be capitalized during the period?

Renovated five machines for $100,000 to improve efficiency in production of their remaining useful life of five years Low-cost repairs throughout the year totaled $70,000 Replaced a broken gear on a machine for $10,000 A. What amount should be expensed during the period? B. What amount should be capitalized during the period

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