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Victory, Inc. expanded $3,000 on expenditures for ordinary repairs and maintenance on a piece of...

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Accounting

Victory, Inc. expanded $3,000 on expenditures for ordinary repairs and maintenance on a piece of equipment. The company also expanded $6,500 on an equipment improvement that increased the equipment's economic usefulness in the future. What is the total dollar amount that will be capitalized as part of the equipment?

a. $5,000

b. $9,500

c. $0

d. $6,500

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