The Borger Company purchased an asset for $20,000 on January 1,2007.The asset had a zero salvage value and an 8-year estimated useful life.On January 1,2012 the company spent $2,000 cash on routine repair and maintenance.What effect will recording the 2012 expenditure have on the company's financial statements for the year?

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The Answer of The Borger Company purchased an asset for $20,000 on January 1,2007.The asset had a zero salvage value and an 8-year estimated useful life.On January 1,2012 the company spent $2,000 cash on routine repair and maintenance.What effect will recording the 2012 expenditure have on the company's financial statements for the year?

The Borger Company Purchased an Asset for $20,000 on January