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Question 1 Classify each of the following costs as to whether they should be capitalized, deferred or expensed? $40,000 2. New winter tires for all

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Question 1 Classify each of the following costs as to whether they should be capitalized, deferred or expensed? $40,000 2. 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 3. 4. Annual repairs and maintenance on the entire fleet of vehicles 5. Cost of registration of the new vehicle for 2 years 6. Cost of annual insurance for the entire fleet of vehicles 7. Cost of painting the company's logo on the new vehicle $5,000 $250 $36,000 $1,000 $8,500 8. Cost of gas cadsforthe entire fleet of vehicles

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