Nicholas is a high-end retailer of designer products. Some of the following transactions should be treated as capital transactions and some as revenue transactions:

(i) Fire insurance premium on premises paid by cheque

(ii) Improvements to shop premises by additions and alterations

(iii) Purchased cameras to install in the shop to prevent shoplifting

(iv) Income tax paid to Inland Revenue Authority of Singapore

(v) Cash drawings by the Proprietor

(vi) Additional racks bought, paid by cheque

(vii) Legal fee for purchase of land and building

(viii) Paid staff salaries by cheque

(ix) Purchase of petrol for existing delivery vehicle and paid using cash

(x) Cost of painting shop

Required: For each item given above, state whether it is capital expenditure or revenue expenditure in nature and explain your answer justifying your classification.