Jada Company had the following transactions during the year. If all transactions were recorded properly, determine whether each transaction is capitalized or expensed. - Purchased a machine for $500,000 using a long-term note to finance it - Paid $500 for ordinary repair - Purchased a patent for $45,000 cash - Paid $200,000 cash for addition to an existing building - Paid $60,000 for monthly salaries - Paid $2,500 for routine maintenance on equipment - Paid $10,000 for extraordinary repairs - Paid shipping of $1,000 to get the machine to the business - Paid installation fees for the machine of $3,450 - Paid annual maintenance cost of $15,000 Jada Company had the following transactions during the year. If all transactions were recorded properly, determine whether each transaction is capitalized or expensed. - Purchased a machine for $500,000 using a long-term note to finance it - Paid $500 for ordinary repair - Purchased a patent for $45,000 cash - Paid $200,000 cash for addition to an existing building - Paid $60,000 for monthly salaries - Paid $2,500 for routine maintenance on equipment - Paid $10,000 for extraordinary repairs - Paid shipping of $1,000 to get the machine to the business - Paid installation fees for the machine of $3,450 - Paid annual maintenance cost of $15,000