Renfro Industries sold an asset on July 1, 2019 for $350,000. The asset was purchased on January 1, 2016 for $600,000 and had an estimated life of 5 years with no salvage value. The company uses straight line depreciation Which of the following will be included in the journal entry to record the sale of the asset? Credit - Gain on Disposal $170,000 Credit - Sales Revenue $350,000 Debit - Accumulated Depreciation $360,000 Credit - Gain on Disposal $110,000 Reiger Group owns a manufacturing plant which it acquired 10 years ago for $950,000. Subsequent to the acquisition, Reiger had the following expenditures. What is the total amount of the expenditures that would be capitalized? Repainted entire plant Put on an addition to the plant Made major repairs that extended the useful life Annual costs for extensive cleaning of the plant Complete update of the electrical system Maintenance of equipment and machinery in the plant $23,000 $270,000 $57.000 $14,000 $27,000 $15,000 $341,000 $297,000 $377,000 $354,000