Consider each of the items below. Place the proper letter in the blank space provided to indicate the nature of the account or accounts to be debited when recording each transaction using the preferred accounting treatment. a. b. Assets Accumulated depreciation Expense c. 1. A motor in one of Grant Company's trucks was overhauled at a cost of $600. It is expected that this will extend the life of the truck for two years. 2. The president's office is repainted. 3. On June 1, the Evans Hotel installed a sprinkler system throughout the building at a cost of $13,000. As a result, the insurance rate was decreased by 40%. 4. A machine is repaired at a cost of $350. The repair does not extend the useful life of the machine or its usefulness. 5. A component in a piece of production equipment was replaced with a new component which would increase the production capabilities of the equipment by 20%