Copigal versus Revenue Expenditure Warrick Water Company, a privately owned business, supplies water to several communites, Warrick hass just performed an catentive drerhaul on one of ats abter pumpa. The overtiau is expected to extesd the life of the pump by to vears. The resddual value of the pump is unchanged. You have been asived to determine which of the following costs should be capitalized as a part of this overhaul. Those costs not copitalized should be expensed. Required: Conceptual Connection: Classity each cost as part of the overhaul or as an expense. New pump motor Repacking of bearings (performed monthly) New impeller (rotating component of a pump) Painting of pump housing (performed annually) Replacement of pump foundation New wiring (needed every 5 years) Installation laboc, motor New wiring (needed every 5 years) Installation labor, motor Installation labor, impeller Installation labor, wiring Psint labor (performed annually) Placoment of fence around pump" (A requirement of the Occupational Safety and Health Administration that will add to maintenance costs over the remaning life of che pump.)