During 2013, DB Incurred the Following Expenditures (Cash) on Its

question 61

Essay

During 2013, DB incurred the following expenditures (cash) on its office building. For each item, give the required entry (entries).
(A) Normal, recurring, maintenance and repairs, $1,350.
(B) Unusual, high cost repairs, $48,000, which added additional value to the building.
(C) Replaced the original freight elevator in the building with a new elevator that cost $40,000 (cash). The old elevator (original cost, $30,000; accumulated amortization, $23,000) was sold for $7,700.