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.

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Definitions:

Ratio

A quantitative relationship between two numbers, showing how many times one value contains or is contained in the other.

Equivalent Ratio

A proportion showing the equality between two ratios or fractions.

Equivalent Ratio

A ratio that has the same value when compared to another ratio, essentially representing the same proportional relationship.

Equivalent Ratio

A way to express the same relationship between two quantities as a ratio, even if the numbers in the ratio are different.