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What amount of the expenses should be capitalized

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Question 1: In 2020, Connar Company incurred these expenditures relating to its plant building: Continuing and frequent repairs: $160,000 Repainted the plant building: $40,000 Major improvements to the electrical wiring system: $128,000 Partial replacement of roof tiles: $56,000. At what amount of the above expenses should be capitalized?

Option 1: $128,000

Option 2: $184,000

Option 3: $256,000

Option 4: $288,000

Reference no: EM132867134

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