Capitalizing versus expensing Riley Holdings Corp. incurred the following expenditures: $4,200 cost to replace the transmission in a company-owned vehicle; $12,400 cost of annual property insurance on the companys production facilities; $9,700 cost to develop and register a design patent; $24,600 cost to add a security and monitoring system to the companys distribution center; $500 cost to repair paint damage on a company-owned vehicle caused by normal wear and tear.

Required: Which, if any, of these expenditures should be capitalized?