Classification of expenditures Given the following list of outlays, indicate whether each is normally considered a capital expenditure or an operating expenoliure. a. An outlay of $27,200 for a marketing research report. b. A $300 outlay for an office machine. c. An outlay of $1,741,000 to purchase copyrights from an author. d. A $177,000 investment in a portfolio of marketable securities. e. An outlay of $4,800,000 for a major research and development program. f. An outlay of $4,000 for a new machine tool. g. An outlay of $3,451,000 for a new building. h. An initial lease payment of $12,650 for electronic point-of-sale cash register systems. a. An outlay of $27,200 for a marketing research report. (Select from the drop-down menu.) The marketing research report is