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Please correct me if any of the answer is wrong, thank you so much a. Paid $54,000 cash to replace a motor on equipment that
Please correct me if any of the answer is wrong, thank you so much
a. Paid $54,000 cash to replace a motor on equipment that extends its useful life by four years. b. Paid $270 cash per truck for the cost of their annual tune-ups. c. Paid $216 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $303,750 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure. 2. Prepare the journal entries to record the four transactions from part 1. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record the four transactions fromStep by Step Solution
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