Classify the following items as either a capital expenditure or a revenue expenditure (an expense): 1. Changed
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Classify the following items as either a capital expenditure or a revenue expenditure (an expense):
1. Changed oil in the delivery truck
2. Replaced the engine in the delivery truck
3. Paid sales tax on the new delivery truck
4. Installed a new, similar roof on the office building
5. Paid freight and installation charges for a new computer system
6. Repainted the administrative offices
7. Purchased and installed a new toner cartridge in the laser printer
8. Replaced several missing shingles on the roof
9. Trained an employee prior to using the new comp
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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