Snickers Company paid $50,000 to renovate its factory floor so that production can be expanded. It also paid $20,000 to inspect and repair all machines on the factory floor to ensure that equipment does not stop working before the end of its useful life. Which of the following statements is TRUE? Snickers Company paid $50,000 to renovate its factory floor so that production can be expanded. It also paid $20,000 to inspect and repair all machines on the factory floor to ensure that equipment does not stop working before the end of its useful life. Which of the following statements is TRUE