At the beginning of the 2025 fiscal year, an inexperienced maintenance technician at Sheffield Company did not check the oil in one of the company cars and the engine burned up. Sheffield replaced the engine at a cost of $8200. The material expenditure is expected to extend the useful life of the car by 3 years. The car had an original cost of $38000 and a 4-year life. The balance in Accumulated Depreciation at the time of the expenditure was $6700. The entry to record the purchase would include a debit to Equipment- Trucks of $1500. debit to Accumulated Depreciation of $8200. debit to Accumulated Depreciation of $6700. O debit to Repairs and Maintenance expense of $8200.

At the beginning of the 2025 fiscal year, an inexperienced maintenance technician at Sheffield Company did not check the oil in one of the company cars and the engine burned up. Sheffield replaced the engine at a cost of $8200. The material expenditure is expected to extend the usefullife of the car by 3 years. The car had an original cost of $38000 and a 4 -year life. The balance in Accumulated Depreciation at the time of the expenditure was $6700. The entry to record the purchase would include a debit to Equipment-Trucks of $1500. debit to Accumulated Depreciation of $8200. debit to Accumulated Depreciation of $6700. debit to Repairs and Maintenance expense of $8200