What is the total amount of the expenses that krol include

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On March 15, 20X4, Krol Co. paid property taxes of $90,000 on its office building for the calendar year 20X4. On April 1, 20X4, Krol paid $150,000 for unanticipated repairs to its office equipment. The repairs will benefit operations for the remainder of 20X4.

Problem 1: What is the total amount of the expenses that Krol should include in its quarterly income statement for the three months ended June 30, 20X4?

Option 1: $172,500

Option 2: $97,500

Option 3: $72,500

Option 4: $37,500

Reference no: EM132679526

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