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

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Accounting

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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 hellcopter dellvery operations in the current year 1 Overhauled the engine at a cost of $7.500. Health Services estimated the work would increase the service life for an additional five years. 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 525,000 4 Modified the helicopter to reduce cabin noise by installing new sound barrier technology at a cost of $15,000, 5. 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

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