ILLUSTRATION: During the current year, Company A incurred the following expenditures: Painting partitions in a large room recently divided into four sections 50,000 Labor cost of tearing down a wall to permit extension of an assembly line 200,000 Major replacement of the motor of the machine (replacement was anticipated when purchased) Cost of grading land prior to construction 500,000 600,000 Dust filters in the interior of the factory were replaced (expected to reduce employee health hazards) 800,000 Determine total amount to be charged to: (1) Asset (2) Expense