Victory, Inc. expanded $3,000 on expenditures for ordinary repairs and maintenance on a piece of...
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Accounting
Victory, Inc. expanded $3,000 on expenditures for ordinary repairs and maintenance on a piece of equipment. The company also expanded $6,500 on an equipment improvement that increased the equipment's economic usefulness in the future. What is the total dollar amount that will be capitalized as part of the equipment?
a. $5,000
b. $9,500
c. $0
d. $6,500
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