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A company buys a large truck for $176,000 that should last for eight years. Afterfive years, the company spends another $27,000 on this truck for

A company buys a large truck for $176,000 that should last for eight years. Afterfive years, the company spends another $27,000 on this truck for the sole purpose of extending its life by three additional years. How is this expenditure recorded?

As an increase to the truck account

As an increase to maintenance expense

As an increase to repair expense

As a decrease to accumulated depreciation

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