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Below are transactions for Oriel Company. Determine if each item should be capitalized or expensed. 1. Paid $1,500 to install and test new equipmen 2.
Below are transactions for Oriel Company. Determine if each item should be capitalized or expensed. 1. Paid $1,500 to install and test new equipmen 2. Paid $ 250 to insure equipment for one year. capitalize expense 3. Paid $2,500 to paint office walls in the new building. 4. Paid $2,000 to repair equipment. 5. Purchased a truck for $ 25,000. 6. Paid $ 250 for truck license. 7. Paid $ 60 for oil change on new truck. . 8. Paid $ 15,000 for fences around the new building. 9. Purchased two cash registers for $ 1,100 each. 10. Paid $ 2,200 for annual yard maintenance
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