Ryan Company purchased a building on January 1, 2021, for $268,000. In addition, during 2021 the following costs related to the building have been incurred: Utilities $ 30,000 Property tax 5,800 Expansion of the building 71,000 New air-conditioning system 46,000 General maintenance $ 37,000 The amount of expenditures to capitalize for the year (not including the initial purchase of the building) is:

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.