Question 1 (24%) State whether each of the following business payments is Capital Expenditure, Revenue Expenditure, or Neither. (1) Purchase a photocopier for business use Undertake a two-year maintenance contract for the photocopier (3) Regular check of the business van (4) Purchase a LED display monitor for the shop (5 Cash drawings by owner Purchase goods for resale Redecorate the office (8) Install a new burglar alarm system in office (9) Take a one-year warranty for the burglar alarm system (10) Pay insurance premium by cheque for owner's private house (11) Purchase new tyres for reparing the existing company van (12) Send goods to customers by parcel post