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For the business of H. Buhari, wholesale chemist, classify the following between 'capital' and 'revenue' expenditure. a) Purchase of an extra motor vehicle b) Cost
For the business of H. Buhari, wholesale chemist, classify the following between 'capital' and 'revenue' expenditure. a) Purchase of an extra motor vehicle b) Cost of rebuilding warehouse wall which had fallen down. c) Building extension to the warehouse. d) Painting extension to warehouse when it is first built e) Carriage costs on bricks for new warehouse extension f) Carriage costs on sales g) Legal costs of collecting debts h) Legal charges on acquiring new premises for office i) Costs of erecting new machine j) Fire insurance premium k) Repainting extension to warehouse three years later than that done in (d) Carriage costs on purchases
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