Following is a list of different types of expenditures a company paid relevant to purchases of equipment or goods for sale. For each item listed, determine whether the expenditure should be capitalized or expensed as a period cost tof In-transit insurance on goods held for resale purchased FOB shipping point Choose... estion Freight charges paid for goods held for resale. Choose.... Installation of equipment. Choose... Choose... . Interest on note payable for goods held for resale. Cost of current year service contract on equipment Choose... Testing of newly purchased equipment. Choose