Show me the steps to solve Redline Publishers Inc. produces various manuals ranging from computer software instructional booklets to manuals explaining the installation of large pieces of industrial equipment

Near the end of $2024$ a variety of expenditures were made to overhaul the company$$s manufacturing equipment. None of these exceeded $$750,$ the materiality threshold. The ed$?$

overhauls extended the life of the equipments but were expensed not capitalized, John Henderson, the company$$s controller is worried about the treatment of the overhaul expenditures because the total expenditures were $$70,000.$

Should the expenditures be capitalized or expens