Classy Cooks Did a Major Overhaul of Their Ovens, Which

Multiple Choice

Classy Cooks did a major overhaul of their ovens, which extended the useful life of the ovens by 4 years. The journal entry to record this included a debit to repairs expense. This entry is:

A) incorrect, and as a result assets will be overstated.
B) correct, as this is an example of an ordinary repair.
C) incorrect, and as a result net income will be understated.
D) correct, as this is an example of a betterment.