Capital Expenditures Consider each of the following transactions. For each one, indicate whether it is a capital expenditure (C) or an expense in the current year (E).

a. Paid a consultant to advise on marketing strategy.

b. Installed new lighting fixtures in a leased building.

c. Paid for routine maintenance on equipment.

d. Developed a patent that cost $50,000 in R&D.

e. Paid for overhaul of machinery that extends its useful life.

f. Acquired a patent from for $40,000. g. Paid for a tune-up on one of the autos in the company's fleet.