Classify each of the following into capital or revenue expenditure: (a) New machinery (b) Repairs to machinery
Question:
Classify each of the following into capital or revenue expenditure:
(a) New machinery
(b) Repairs to machinery
(c) Carriage inwards on goods for resale
(d) Installation cost of new machinery
(e) Carriage inwards on new machinery (f ) Salaries to research staff (g) Fee to architect for design of new plant (h) Painting new factory.
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Related Book For 
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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