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1-17.03 Click in the first boxed areas to the right of each item below. A pick list will launch. Click on the pick list icon

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1-17.03 Click in the first boxed areas to the right of each item below. A pick list will launch. Click on the pick list icon to reveal a drop-down menu of choices. Select "Yes" if the item is a capital expenditure, otherwise "No". A correct choice will turn the boxed area green. For the capital expenditures ("Yes"), use the right-most box to indicate which asset account should be increased. Training on the general operation of a welding machine Installation of a lawn sprinkler Cost of a survey associated with a purchase of land Repair of a damaged window caused by carelessness Annual restriping of parking lot Interest cost on loan on occupied office building Freight costs on purchase of equipment Installation of a fire sprinkler in new building 000 D Question 1 Is training on the general operation of a welding machine a capital expenditure? And, what T-account will be debited for the cost? O No. Welding Machine O Yes, Office Expense O Yes. Welding Machine O No. Wage Expense Question 2 1 pts. Is the installation of a lawn sprinkler a capital expenditure? And, what T-account will be debited for the cost? O Yes, Land Improvement O No, Maintenance Expense O Yes, Land O Yes, Maintenance Expense 1 pts Question 3 Is repair of a damaged window caused by carelessness a capital expenditure? And, what T-account will be debited for the cost? O Yes. Building O No, Repair and Maintenance Expense No, Building O Yes, Land Improvement Question 4 Is the cost of Escrow fees and a survey associated with a purchase of land a capital expenditure? And, what T-account will be debited for the cost? O Yes, Land Improvement No, Repair and Maintenance Expense Yes, License and Fee Expense O Yes, Land 1 pts 1 pts Question 5 Is the annual restriping of a parking lot a capital expenditure? And, what T-account will be debited for the cost? O Yes, Building No, Repair and Maintenance Expense No, No Adjusting Entries are needed. O Yes, Land Improvement 1 pts

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