3. In cases where a capital expenditure subsequent to acquisition does not enhance either the quantity of output or the quality of the asset, but instead increases the useful life of the asset, how should accounting for the expenditure to be handled? a. b. C. PEN d. Remove the cost of the old asset and replace it with the complete cost of the new asset (carrying value plus capital expenditure). Debit the capital expenditure to Accumulated Depreciation. Keep the cost of the old asset on the books and records and add the new capital expenditure's cost as a new asset. None of the above answers is correct