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. For each of the following transactions, state whether the cost would be capitalized (C) or recordedas an expense (E).A. Purchased a machine, $100,000; gave
. For each of the following transactions, state whether the cost would be capitalized (C) or recordedas an expense (E).A. Purchased a machine, $100,000; gave long-term noteB. Paid $600 for ordinary repairsC. Purchased a patent for $45,300 cashD. Paid $200,000 cash for addition to old buildingE. Paid $20,000 for monthly salariesF. Paid $250 for routine maintenanceG. Paid $16,000 for major repairs
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