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2. Riley Holdings Corp. incurred the following expenditures: $3,500 cost to replace the transmission in a company-owned vehicle; $16,800 cost of annual property insurance on
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Riley Holdings Corp. incurred the following expenditures: $3,500 cost to replace the transmission in a company-owned vehicle; $16,800 cost of annual property insurance on the companys production facilities; $14,200 cost to develop and register a design patent; $62,600 cost to add a security and monitoring system to the companys distribution center; $800 cost to repair paint damage on a company-owned vehicle caused by normal wear and tear. |
Which of these expenditures should be capitalized?(Select all that apply.) |
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