Determining Whether to Capitalize or Expense For each of the following items, indicate whether the cost should be capitalized (C) or expensed (E) immediately: a. Paid $2,200 to refurbish a machine, thereby extending its useful life b. Purchased a patent for $6,300 c. Paid $1,800 for routine maintenance of machinery d. Paid $5,050 to rent equipment for two years e. Paid $1,980 to equip the production line with new instruments that measure quality f. Paid $18,900 to repair the roof on the building b C 4 (4) (4 d. e 1