Given below are items of "Revenue" and "Capital" expenditure i. ii. iii. iv. V. vi. vii. viii. required: a number of new cars that had recently been cleared by a motor car dealing company two new motor boats acquired by a ferry service agency vacant houses owned by an estate developing company in respect of which negotiations are ongoing for assistance for their sale to prospective landlords new buildings acquired for the purpose of holding the items of plant and machinery belonging to a detergent manufacturing company cost of acquiring a leasehold property for office use granites purchased by an engineering contractor for use at a construction site cost of rehabilitating a dilapidated housing unit owned by an estate developer repairs to plant and machinery in a manufacturing company a. for each of the above, state whether it is a "Revenue" or "Capital" b. state how each will be recognized in the income statement and the statement of financial position as the case may be.