The Replacement of a Major Component Increased the Productive Capacity

question 151

Multiple Choice

The replacement of a major component increased the productive capacity of equipment from 10 units per hour to 18 units per hour.The expenditure for the replacement component should be debited to:

• A)Repairs Expense.
• B)Maintenance Expense.
• C)Equipment.

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Definitions:

Informed Citizen

An individual who is knowledgeable about community, national, and global affairs, enabling them to participate effectively in civic matters.

Society

A group of individuals who live in a structured and interdependent community with shared laws and institutions.

Economics

The field of social science focusing on the decision-making processes used by individuals, governments, businesses, and countries in distributing limited resources to fulfill their endless desires.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant changes in technology, economy, and society.