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For each of the following purchases, does the purchase represent a capital or a revenue expenditure? Complete remodeling of a restaurant dining room at a
For each of the following purchases, does the purchase represent a capital or a revenue expenditure?
- Complete remodeling of a restaurant dining room at a cost of $80,000.
- Repainting the exterior of a delivery truck at a cost of $500.
- Purchase of a pizza oven at a cost of $18,000.
- Purchase of a dozen pencil sharpeners with a life of ten years at a total cost of $65.
- Overhaul of the engine on a tour bus at a cost of $5,000, extending the life of the bus by five years.
- Purchase of a computer system at a cost of $35,000.
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