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please help thank you! Consider the expenditures listed below and dassify each of the expenditures as a capital expendifure or a revenue expensiture related to
please help thank you!
Consider the expenditures listed below and dassify each of the expenditures as a capital expendifure or a revenue expensiture related to machinery a. Purchase price. b. Ordinary recurring repairs to keep the machinery in good working order. c. Lubrication before machinery is placed in service. d. Periodic lubrication after machinery is placed in service. e. Major overhaul to extend useful lile by three years. f. Sales tax paid on the purchase price. g. Transportation and insurance while machinery is in transit from seller to beyer. h. Installation. 1. Training of personnel for initial operation of the machinery. Capital expenditure Revenue expenditure Step by Step Solution
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