During the current year, Arkells Inc. made the following expenditures relating to plant machinery. - Renovated five machines for $120,000 to improve efficiency in production of their remaining useful life of five years - Low-cost repairs throughout the year totaled $68,000 - Replaced a broken gear on a machine for $11,000 A. What amount should be expensed during the penod? B. What amount should be capitalized during the period