24. Indicate how ABC Corporation should record the payment of back taxes not paid by the seller of the land purchased for the construction of a factory. Select one:

a. Capital expenditure (Capital expenditure) = increases the cost of land

b. Non-Capitalizable Expenditure = Expenditure (Revenue Expenditure)

25. Indicate how ABC Corporation should record the cost of assembling and calibrating a new machine purchased by the company.

Select one:

. a. Capital expenditure (Capital expenditure) = increases the cost of the machine.

b. Non-Capitalizable Expenditure = Expenditure (Revenue Expenditure)