Assume Akro Products, Inc., purchased conveyor belt machinery Requirement 1. Classify each of the following expenditures as a capital expenditure or an immediate expense related to machinery Classification a. b. C. d. e. Expenditure Major overhaul to extend the machinery's useful life by five years Periodic lubrication after the machinery is placed in service Purchase price Training of personnel after initial operation of the machinery Special reinforcement to the machinery platform Transportation and insurance while machinery is in transit from seller to buyer Ordinary repairs to keep the machinery in good working order Lubrication of the machinery before it is placed in service Sales tax paid on the purchase price Installation of the conveyor-belt machinery Income tax paid on income earned from the sale of products manufactured by the machinery g. h. i. j. k