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Capital versus Revenue Expenditures On January 1, 2014, Jose Company purchased a building for $184,000 and a delivery truck for $19,800. The following expenditures have

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Capital versus Revenue Expenditures On January 1, 2014, Jose Company purchased a building for $184,000 and a delivery truck for $19,800. The following expenditures have been incurred during 2016: . The building was painted at a cost of $5,100. - To prevent leaking, new windows were installed in the building at a cost of $9,600. - To improve production, a new conveyor system was installed at a cost of $42,500. - The delivery truck was repainted with a new company logo at a cost of $900. 0 To allow better handling of large loads, a hydraulic li: system was installed on the truck at a cost of $5,400. - The truck's engine was overhauled at a cost of $4,400. 3. Prepare a partial Balance Sheet to show how would the assets appear December 31, 2016. Jose Company Balance Sheet (Partial) December 31, 2016 Building gr $- '4' Less: Accumulated depreciation J x $[:] Delivery truck '1' $- J Less: Accumulated depreciation v! C] x Total property, plant, and equipment $- X

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