John Corporation incurred the following expenditures. Which of these purchases should be capitalized as a long-term asset? (Answer either "Yes" or "No")

$8,000 to procure office supplies for the corporate headquarters.

$325 for maintenance to a company-owned vehicle.

$37,000 for the purchase of an additional company vehicle.

$1,800 to paint the offices within a company facility.

$75,000 for the use of a consultant.

$390,000 for the purchase of annual insurance coverage for the companys operations

$64,000 for the purchase of equipment to be used in the companys manufacturing facility.

$750,000 for the renovation and refurbishment of an existing company facility, thereby extending the life of the facility for an additional 8 years