Indicate the nature of the account or accounts to be debited when recording each transaction. A replacement, which extended the life but did not increase the quality of units produced by the asset, cost $15,000.
a. Asset(s) only.
b. Accumulated amortization, or depletion or depreciation only.
c. Expense only.
d. Asset(s) and expense.
Answer: b. Accumulated amortization, or depletion or depreciation only.
Business
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