Question 3 Which of the following should be a revenue expenditure instead of a capital expenditure? delivery charges for new equipment a sales tax on a purchase of the vehicle utilities expense on the air conditioner C property taxes on the purchase of land A machine costing $15,000 was purchased. Delivery and installation cost $2.000 and the residual value is $1.000. If the estimated life is 4 years and the business uses straight-line depreciation, what is the annual depreciation? $3.750 a O b $4,000 c $4.250 d $8.500 Each of the following should be classified as property, plant, and equipment except: automobile a pavement burger king franchise C equipment TT