In the space provided, indicate whether each of the following items is an operating expenditure (O) or

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In the space provided, indicate whether each of the following items is an operating expenditure (O) or a capital expenditure (C):
(a) ________Repairedbuildingroof,$1,500
(b) ________ Replaced building roof, $27,500
(c) ________Purchasedbuilding,$480,000
(d) ________ Paid insurance on equipment in transit, $550
(e) ________Purchasedsupplies,$350
(f) ________ Purchased truck, $55,000
(g) ________Purchasedoilandgasfortruck,$125
(h) ________ Rebuilt engine on truck, $5,000
(i) ________ Added new wing to building, $250,000
(j) ________ Painted interior of building, $1,500
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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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