For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.
Question:
For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.
a. Motor vehicle repairs.
b. Extension to business premises.
c. Redecorating the office premises.
d. Sign writing on a new van.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
ANSWER a Motor vehicle repairs Revenue Expenditure b Extension to bus...View the full answer
Answered By
Churchil Mino
I have been a tutor for 2 years and have experience working with students of all ages and abilities. I am comfortable working with students one-on-one or in small groups, and am able to adapt my teaching style to meet the needs of each individual. I am patient and supportive, and my goal is to help my students succeed.
I have a strong background in math and science, and have tutored students in these subjects at all levels, from elementary school to college. I have also helped students prepare for standardized tests such as the SAT and ACT. In addition to academic tutoring, I have also worked as a swim coach and a camp counselor, and have experience working with children with special needs.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
For each of the following items in Time Warner Cable, Inc. s financial statements, indicate (1) whether it is reported in the income statement (I/ S) or balance sheet (B/ S) and (2) whether it is an...
-
For each of the following items a through g, indicate whether its amount (1) Affects the bank or book side of a bank reconciliation, (2) Represents an addition or a subtraction in a bank...
-
State how each of the following items would be reflected on a statement of cash flows. (a) Securities classified as available for sale were purchased for $4,200. (b) Buildings were acquired for...
-
Consider the two tables shown in Figure 6.37. The TerID column in the SALES_REP relation is a foreign key referring to the primary key column TerID in the TERRITORY relation. Figure 6.37 Relations...
-
Determine the atomic mass of ruthenium from the given abundance and mass data Ruthenium-96 Ruthenium-98 Ruthenium-99 Ruthenium-100 Ruthenium-101 Ruthenium-102 Ruthenium-104 5.54% 1.87% 12.76% 12.60%...
-
PharmaPlus operates a chain of 30 pharmacies. The pharmacies are staffed by licensed pharmacists and pharmacy technicians. The company currently employs 85 full-time equivalent pharmacists...
-
Distinguish among the different forms of open account credit. lo1
-
Sue and George Shaker lived in Halifax, Nova Scotia, while George completed his combined law and MBA degree at Dalhousie University. The Shakers purchased a home in Halifax when they first moved to...
-
Authors Academic Press faces three potential contingency situations, described below. Authors fiscal year ends December 31, 2021. In August 2021, a worker was injured in an accident, partially as a...
-
Prairie Flower Cereal, Inc., is a small but growing producer of hot and ready-to-eat breakfast cereals. The company was started in 1910 by Gordon Thorson, a successful grain farmer. You have been...
-
Bernard purchased a new motor van on 1 April 2011 for $32,000. Motor vans are depreciated at 25 percent per annum using the reducing-balance method of depreciation. The motor van was sold on 31 March...
-
Make a copy of the following accounts. Balance each account as appropriate. Dr Equipment Cr Jan Balance 3 240 Jan 11 Bank 1050 15 Bank 4 360 Dr Trade payable: UVY Ltd Cr Jan 1 Balance 4 150 16...
-
What do you observe in each well? Prepare a table like the one below.
-
Scatterplot. In Exercises 5-8, use the sample data to construct a scatterplot. Use the first variable for the x-axis. Based on the scatterplot, what do you conclude about a linear correlation? 5....
-
By having two sets of GAAP tailored specifically for Colleges and Universities, financial statements become more transparent, stakeholders can make informed decisions, regulatory compliance is...
-
Lab 1-3 Data Analytics in Auditing The purpose of this lab is to help you identify relevant questions that may be answered using data analytics in auditing. Let's evaluate how we might use master and...
-
Geography Majors The data listed below are estimated incomes (dollars) of students who graduated from the University of North Carolina (UNC) after majoring in geography. The data are based on...
-
Reproduced below from Farthington Supply's accounting records is the accounts receivable subledger along with selected general ledger accounts. Dec. 31/22 Balance Credit sales in 2023 General Ledger...
-
Download the full data set from the McGraw-Hill Connect? website (only six data values are shown). (a) Use Excel to make a scatter plot, placing Dolona on the X-axis and ZalParm on the Y-axis. Add...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
Would promotion be successful in expanding the general demand for: ( a ) almonds, ( b ) air travel, ( c ) golf clubs, ( d ) walking shoes, ( e ) high-octane unleaded gasoline, ( f ) single-serving,...
-
Explain how an understanding of the adoption process would help you develop a promotion blend for digital tape recorders, a new consumer electronics product that produces high-quality recordings....
-
Explain how opinion leaders affect a firms promotion planning.
-
Be prepared to explain the texts comprehensive To illustrate the issues related to interest capitalization, assume that on November 1, 2016, Shalla Company contracted Pfeifer Construction Co. to...
-
On April 1, 2020. Indigo Company received a condemnation award of $473,000 cash as compensation for the forced sale of the company's land and building, which stood in the path of a new state highway....
-
The market price of a stock is $24.55 and it is expected to pay a dividend of $1.44 next year. The required rate of return is 11.23%. What is the expected growth rate of the dividend? Submit Answer...
Study smarter with the SolutionInn App