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Identify each of the following items as a capital expenditure (C), an immediate expense (E), or neither (N). GLED Type of Expenditure Transaction 1. Constructed

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Identify each of the following items as a capital expenditure (C), an immediate expense (E), or neither (N). GLED Type of Expenditure Transaction 1. Constructed a new parking lot on leased property for $300,000. 2. Paid property taxes of $75,000 for the first year a new administrative services building was occupied. 3. Paid dividends of $40,000. 4. Paid interest on a six-month note payable that financed the construction of a new plant building, $550,000. 5. Purchased equipment for a new manufacturing plant, $6,000,000, Transaction 6. Paid $90,000 for the installation of the equipment in (5) 7. Repaired plumbing in existing manufacturing plant, paying $27,000. 8. Pald S148,000 to tear down an old building on a new manufacturing plant site 9. Purchased new network sorvers for $29,000. 10. Pald maintenance costs of $31,000 on the equipment in (5) during its first year of use. Type of Expenditure

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