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Indicate whether each of the following items is an operating expenditure or a capital expenditure: The assumption is that the supplies are to be used
Indicate whether each of the following items is an operating expenditure or a capital expenditure:
The assumption is that the supplies are to be used in near future. Supplies are not longlived assets.
Expenditure
a Repaired building roof, $
b Replaced building roof, $
c Purchased building, $
d Paid insurance on equipment in transit, $
e Purchased supplies, $
f Purchased truck, $
g Purchased oil and gas for truck, $
h Rebuilt engine on truck, $
i Added new wing to building, $
j Painted interior of building, $
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