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Q 9.36: Urban Kicks reports the following expenditures related to plant assets for the most recent fiscal year: Expansion of manufacturing plant: Replacing belts on

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Q 9.36: Urban Kicks reports the following expenditures related to plant assets for the most recent fiscal year: Expansion of manufacturing plant: Replacing belts on manufacturing equipment: Olling gears on manufacturing equipment: Tune ups and oil changes for company vehicles: New transmission system for delivery van: Installation of upgraded HVAC system at manufacturing plant Painting of manufacturing plant: $74,000 $1,750 $450 $650 $4,250 $17,000 $9,000 What would happen if these were all classified as revenue expenditures? Plant assets will be understated by $107,100. B Plant assets will be overstated by $4,900. Plant assets will be overstated by $11,850. D Plant assets will be understated by $95,250

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