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Identify the items that follow as capital expenditures or revenue expenditures. Paid $80,000 for an elevator in a converted office building. Paid $45 for a
Identify the items that follow as capital expenditures or revenue expenditures.
- Paid $80,000 for an elevator in a converted office building.
- Paid $45 for a new battery in a 4 year old delivery truck.
- Paid $3,000 for a new engine for a 4 year old delivery truck.
- Paid $3,500 for installation materials and labor to place a new piece of equipment in a factory.
- Paid $30 for an electronic pencil sharpener.
- Paid a total of $2,700 during the year for fuel to operate a business vehicle.
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