Atlas Trucking incurred the following costs during 2013. Please prepare the journal entry to record the costs:
1)Spent $15,000 on a major overhaul for a tractor-trailer rig. The overhaul is expected to increase the service life of the rig by 3 years.
2) Repaired the air-conditioning system for $3,000.
3) Rearranged and reconfigured the maintenance, loading, and unloading facilities at a cost of $75,000. The rearrangement is expected to result in substantial cost savings and increased efficiency over the next several years.