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Capital Expenditures and Revenue Expenditures On February 13, Scanlon Co. paid $1,520 to install a hydraulic lift and $38 for an air filter for one

Capital Expenditures and Revenue Expenditures

On February 13, Scanlon Co. paid $1,520 to install a hydraulic lift and $38 for an air filter for one of its delivery trucks.

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Journalize the entry for the new lift expenditure.

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