CM replaced a major component in Plant A which has been operating 20 years and has a 30-year estimated useful life. The new replacement component cost $150,000 cash. When the plant was constructed, the old component cost $60,000. Give the entry (or entries) to record this transaction.

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The Answer of CM replaced a major component in Plant A which has been operating 20 years and has a 30-year estimated useful life. The new replacement component cost $150,000 cash. When the plant was constructed, the old component cost $60,000. Give the entry (or entries) to record this transaction.

CM Replaced a Major Component in Plant a Which Has