15. Dr. Jonas Salt owns a condominium unit in a condominium office building used exclusively in his consulting business. The condominium unit contains two restrooms for clients. In 2022, he pays $80,000 to renovate and improve the bathrooms. He replaces the tiles, bathtubs, sinks, toilets, pipes and other bathroom fixtures. Dr. Salt paid $60,000 for labor and $20,000 for materials for the renovation. How should Dr. Salt treat his expenditures in 2022? a. He must expense the $60,000 for labor and capitalize the $20,000 for materials b. He must capitalize the entire cost of $80,000 c. He must expense the entire cost of $80,000 d. He must capitalize the $60,000 for labor and expense the $20,000 for materials e. He must first determine if this is an improvement to the condominium building or one of it's building systems 15. Dr. Jonas Salt owns a condominium unit in a condominium office building used exclusively in his consulting business. The condominium unit contains two restrooms for clients. In 2022, he pays $80,000 to renovate and improve the bathrooms. He replaces the tiles, bathtubs, sinks, toilets, pipes and other bathroom fixtures. Dr. Salt paid $60,000 for labor and $20,000 for materials for the renovation. How should Dr. Salt treat his expenditures in 2022? a. He must expense the $60,000 for labor and capitalize the $20,000 for materials b. He must capitalize the entire cost of $80,000 c. He must expense the entire cost of $80,000 d. He must capitalize the $60,000 for labor and expense the $20,000 for materials e. He must first determine if this is an improvement to the condominium building or one of it's building systems