Indicate the nature of the account or accounts to be debited when recording each transaction using the preferred accounting treatment.

1. A motor in one of North Company’s trucks was overhauled at a cost of $600. It is expected that this will extend the life of the truck for two years.
2. Machinery which had originally cost $130,000 was rearranged at a cost of $450, including installation, in order to improve production.
3. Orlando Company recently purchased land and two buildings for a total cost of $35,000 and entered the purchase on the books. The $1,200 cost of razing the smaller building, which has an appraisal value of $6,200, is recorded.
4. Jantzen Company traded its old machine with a net book value of $3,000 plus cash of $7,000 for a new one which had a fair market value of $9,000.
5. Jim Parra and Mary Lawson, maintenance repair workers, spent five days in unloading and setting up a new $6,000 precision machine in the plant. The wages earned in this five-day period, $480, are recorded.
6. On June 1, the Milton Hotel installed a sprinkler system throughout the building at a cost of $13,000. As a result, the insurance rate was decreased by 40%.

a) asset(s) only
b) accumulated amortization, depletion, or depreciation only
c) expense only
d) asset(s) and expense
e) some other account or combination of accounts