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LISE 10-3 Classify each of the y each of the following expenditures related to the cost of a machine: Measuring the cost of an asset,

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LISE 10-3 Classify each of the y each of the following expenditures related to the cost of a machine: Measuring the cost of an asset, distinguishing betterments from repairs Cost or Betterment Repair or Expense Other a. Purchase price b. Provincial sales tax paid on the purchase price C. Transportation and insurance while the machine is in transport from seller to buyer d. Installation e. Training of personnel for initial operation of the machine f. Special reinforcement to the machine platform g. Income tax paid on income earned from the sale of products manufactured by the machine h. Major overhaul to extend the machine's useful life by three years i. Ordinary recurring repairs to keep the machine in good working order j. Lubrication before the machine is placed in service k. Periodic lubrication after the machine is placed in service 1. GST on the purchase price

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