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Below are expenditures spent by Daphne Company this year. Identify if each of the items below is a form of capital or revenue expenditure (no
Below are expenditures spent by Daphne Company this year. Identify if each of the items below is a form of capital or revenue expenditure (no explanation is required):
(i) Monthly rent of a delivery truck
(ii) Monthly fuel costs for a truck owned by the company
(iii) Major repair that will improve the speed and productivity of a machine in the future
(iv) Sales tax paid for the purchase of office equipment
(v) Minor repair on the wheel bearings of a truck
Below are expenditures spent by Daphne Company this year. Identify if each of the items below is a form of capital or revenue expenditure (no explanation is required): (i) Monthly rent of a delivery truck (ii) Monthly fuel costs for a truck owned by the company (iii) Major repair that will improve the speed and productivity of a machine in the future (iv) Sales tax paid for the purchase of office equipment (v) Minor repair on the wheel bearings of a truckStep by Step Solution
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