Question

During year 4, King Company made the following expenditures relating to its plant building: Continuing and frequent repairs $40,000 Repainted the plant building 10,000 Major improvements to the electrical wiring system 32,000 Partial replacement of roof tiles 14,000 How much should be charged to repair and maintenance expense in year 4

Answer 1

Answer: $64000

Step-by-step explanation:

The amount that should be charged to the repair and maintenance expense in year 4 will be calculated thus:

Continuing and frequent repairs = $40,000

Add: Repainted the plant building = $10,000

Add: Partial replacement of roof tiles = $14,000

Repair and maintenance expense = $64,000