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please answer each questions with clear answers all 5 questions for thumbs up Is training on the general operation of a welding machine a capital
please answer each questions with clear answers all 5 questions for thumbs up
Is training on the general operation of a welding machine a capital expenditure? And, what T-account will be debited for the cost? Yes, Office Expense No. Welding Machine No. Wage Expense Yes. Welding Machine Is the installation of a lawn sprinkler a capital expenditure? And, what T-account will be debited for the cost? Yes, Land Yes, Land Improvement Yes, Maintenance Expense No, Maintenance Expense Is repair of a damaged window caused by carelessness a capital expenditure? And, what T-account will be debited for the cost? Yes, Land Improvement Yes, Building No, Building No, Repair and Maintenance Expense Is the cost of Escrow fees and a survey associated with a purchase of land a capital expenditure? And, what T-account will be debited for the cost? Yes, License and Fee Expense Yes, Land Improvement Yes, Land No. Repair and Maintenance Expense Is the annual restriping of a parking lot a capital expenditure? And, what T-account will be debited for the cost? Yes, Building No, Repair and Maintenance Expense Yes, Land Improvement No. No Adjusting Entries are needed Step by Step Solution
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