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7) Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE). - Repair of transmission or engine Sales tax paid on

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7) Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE). - Repair of transmission or engine Sales tax paid on the purchase price Training of personnel for initial operation of machinery Modification for new use + 8) Which of the following depreciation methods always allocates a higher amount of depreciation in earlier years than in later years? A) the units-of-production method B) the straight-line method C) the double-declining-balance method D) the first-in, first-out method

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