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PB 4. LO 11.2 During the current year, Arkells Inc. made the following expenditures relating to plant machinery. - Renovated seven machines for $250,000 to improve efficiency in production of their remaining useful life of eight years - Low-cost repairs throughout the year totaled $79,000 - Replaced a broken gear on a machine for $6,000 A. What amount should be expensed during the period? B. What amount should be capitalized during the period