Longsford Transport Spent Money in Conducting Its Five-Year Maintenance Program

Longsford Transport spent money in conducting its five-year maintenance program for its fleet of delivery vans.Management feels the work increases the value of the vans and that many vans would break down and have a shorter useful life if the work is not taken place.How should the cost of the work be accounted for?

A) Expensed
B) Capitalized
C) Recorded as a decrease to retained earnings.
D) Recorded as a decrease in accumulated depreciation.