During 2013, RB incurred the following expenditures (cash) on its office building. For each item, give the required entry (entries).
(A) Normal, recurring, maintenance and repairs, $1,250.
(B) Unusual, high cost repairs, $22,000, which added additional value to the property.
(C) Replaced the original freight elevator in the building with a new elevator that cost $45,000 (cash). The old elevator (original cost, $16,500, accumulated amortization, $12,500) was sold for $4,750.

Question

Quizplus · Accepted Answer

The Answer of During 2013, RB incurred the following expenditures (cash) on its office building. For each item, give the required entry (entries).
(A) Normal, recurring, maintenance and repairs, $1,250.
(B) Unusual, high cost repairs, $22,000, which added additional value to the property.
(C) Replaced the original freight elevator in the building with a new elevator that cost $45,000 (cash). The old elevator (original cost, $16,500, accumulated amortization, $12,500) was sold for $4,750.

During 2013, RB Incurred the Following Expenditures (Cash) on Its