Atlas Trucking incurred the following costs during $2021$:

a$.$ Spent $$15,000$ on a major overhaul for a tractor trailer rig. The overhaul is expected to

increase the service life of the rig by three years.

b$.$ Repaired the air$-$conditioning system for $$3,000.$

c$.$ Rearranged and reconfigured the maintenance, loading, and unloading facilities at a cost of

$$75,000.$ The rearrangement is expected to result in substantial cost savings and increased

efficiency over the next several years.

Required:

Prepare journal entries to record the above costs.