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QS 8-9 Revenue and capital expenditures @c3 1. Classify the following as either a revenue expenditure (RE) or a capital expenditure (CE). Paid $40,000 cash
QS 8-9 Revenue and capital expenditures @c3 1. Classify the following as either a revenue expenditure (RE) or a capital expenditure (CE). Paid $40,000 cash to replace a motor on equipment that extends its useful life by four years. Paid $200 cash per truck for the cost of their annual tune-ups. Paid $175 for the monthly cost of replacement filters on an air-conditioning system. d. Completed an addition to a building for $225,000 cash. 2. Prepare the journal entries to record the four transactions from part 1. a. b. c
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