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Wiater Company operates a small manufacturing facility. On January 1 , 2 0 2 1 , an asset account for the company showed the following

Wiater Company operates a small manufacturing facility. On January 1,2021, an asset account for the company showed the following balances:
Equipment
Accumulated Depreciation (beginningof the year) $230,000
108,000
During the first week of January 2021, the following cash expenditures were incurred for repairs and maintenance:
Routine maintenance and repairs on the equipment Major overhaul of the equipment that improved efficiency
$2,250
28,000
The equipment is being depreciated on a straight-line basis over an estimated life of 20 years with a $14,000 estimated residual value. The annual accounting period ends on December 31.
Required:
Indicate the effects (accounts, amounts, and + for increase and - for decrease) of the following two items on the accounting equation, using the headings shown below (Enter any decreases to Assets, Liabilities or Stockholder's Equity with a minus sign.)
The adjustment for depreciation made last year at the end of 2020.
The two expenditures for repairs and maintenance during January 202
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