An expenditure to lengthen the useful life of a company vehicle would require a
A)credit to Company Vehicles.
B)debit to Repair and Maintenance Expense
C)debit to Depreciation Expense.
D)debit to Accumulated Depreciation.

Question

Quizplus · Accepted Answer

An expenditure to lengthen the useful life of a company vehicle would require a debit to Accumulated Depreciation. This is because the expenditure will increase the estimated useful life of the vehicle, which will in turn reduce the amount of depreciation expense that is recognized each year.

An Expenditure to Lengthen the Useful Life of a Company