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Please help me with my accounting problem. I cant figure them out Question 1 Classify each of the following costs as to whether they should
Please help me with my accounting problem. I cant figure them out
Question 1 Classify each of the following costs as to whether they should be capitalized, deferred or expensed? $36,000 1. 2. 3. 4. 5. 6. 7. 8. Purchase price of a new vehicle New winter tires for all company vehicles to give them better traction Purchase price of a new transmission for an older vehicle after the original one stopped working Annual repairs and maintenance on the entire fleet of vehicles Cost of registration of the new vehicle for 2 years Cost of annual insurance for the entire fleet of vehicles Cost of painting the company's logo on the new vehicle Cost of gas cards for the entire fleet of vehicles $40,000 $20,000 $6,000 $5,000 $250 $1,000 $8,500
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