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Brief Exercise 9-3 Indicate whether each of the following items is an operating expenditure or a capital expenditure. If the expenditure is neither, choose Not
Brief Exercise 9-3 Indicate whether each of the following items is an operating expenditure or a capital expenditure. If the expenditure is neither, choose "Not Applicable". Repaired building roof, $1,500 E Purchased oil and gas for truck, $155 Replaced building roof, $27,500 Replaced tires on truck, $500 Purchased building, $480,000 E Anticipated retirement costs for plant, $500,000 Purchased insurance on equipment in transit, $350 Added new wing to building, $250,000 z @ Purchased truck, $55,000 5 Painted interior of building, $6,500
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