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What amount of the costs should be capitalized

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Reference no: EM132950999

During Year 1, Danner Company incurred the following costs related to its delivery truck:

Tire replacement$1,000

Engine replacement10,000

Purchase and installation of rearview cameras2,000

Oil changes200

Problem 1: Tires are replaced every 50,000 miles. The engine replacement extended the life of the truck by 5 years. The truck did not have rearview cameras before the installation. What amount of the above costs should be capitalized?

Reference no: EM132950999

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