Question 7 1 pts Western, Inc. has a large factory operating in the state of Washington. In 2020, extensive mold was discovered in the factory. The mold, located in the air duct system, was caused by several roof leaks that had been there for several years. The cost to remove the mold was $200,000. The cost was material to the company. Which of the following statements is accurate? The cost to remove the mold should be expensed in 2020. The cost to remove the mold should be capitalized and depreciated over the remaining useful life of the factory building. The cost to remove the mold should be capitalized and the service life of the building should be extended. The cost to remove the mold should be capitalized and the service life of the building should be reduced