The Justin Company's heating system has just completed its 12th year of a estimated 15-year life. At date of purchase, the system cost $232,000 and now has accumulated depreciation of $144,000. At the beginning of the next year, the company expects to spend approximately $60,000 for a complete renovation of the system and expects that the total life of the system will be 20 years. What account will be debited for the cost of the renovation?