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Y Ltd. installed a machinery worth SR 100,000 in 2020 which was expected to have a life of 10 years. In 2021 Y Ltd.

Y Ltd. installed a machinery worth SR 100,000 in 2020 which was expected to have a life of 10 years. In 2021 Y Ltd. incurred SR 50,000 for some major maintenance to machinery to maintain the originally assessed life of the asset. What is the journal entry to account for this transaction incurred in 2021. (2) Advertisement expense of SR 15,000 related to year ended December 31, 2022 was paid in 2021. Prepare journal entries to be recorded in 2021. (2)

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