Installed a piece of machinery


A company has installed a piece of machinery for a total of $76,000. In its third month of operation, repairs of $1,300 had to be made on the machine. This $1,300 would be:

a) added to the cost of the machinery

b) treated as machinery repairs expense

c) placed in a separate account to be capitalized

d) a maintenance expense

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Installed a piece of machinery
Reference No:- TGS073887

Expected delivery within 24 Hours