On September 10, 2014, Jenks Co. incurred the following costs for one of its printing presses: Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?

Question

On September 10, 2014, Jenks Co. incurred the following costs for one of its printing presses:  Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?

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The Answer of On September 10, 2014, Jenks Co. incurred the following costs for one of its printing presses:  Neither the attachment nor the renovation increased the estimated useful life of the press. However, the renovation resulted in significantly increased productivity. What amount of the costs should be capitalized?