A large piece of earth-moving equipment was upgraded at a cost of $440,000 so that it could self-unload. After the upgrade was completed, management estimated that this feature would save the company $40,000 a year for the next six years.
Prepare the necessary journal entry to record the transaction. Provide a short justification for your chosen treatment.

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The Answer of A large piece of earth-moving equipment was upgraded at a cost of $440,000 so that it could self-unload. After the upgrade was completed, management estimated that this feature would save the company $40,000 a year for the next six years.
Prepare the necessary journal entry to record the transaction. Provide a short justification for your chosen treatment.

A Large Piece of Earth-Moving Equipment Was Upgraded at a Cost