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During 2020, Rudolph Enterprises had the following expenditures (cash) related to their main asset, Santa's sleigh.For each item, give the required entry. Ski alignment on

During 2020, Rudolph Enterprises had the following expenditures (cash) related to their main asset, Santa's sleigh.For each item, give the required entry.

Ski alignment on Santa's sleigh, $250.
Addition of the latest GPS tracking system; this adds value to the sleigh and allows Santa to deliver toys more efficiently; $5,000 (useful life of 5 years, sleighs remaining useful life is 15 years).
Installation of safety belts in the sleigh due to new legislated requirement; $800.

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