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Question 5 a. State which of the following items should be classified as capital expenditure or revenue expenditure for the purpose of preparing financial
Question 5 a. State which of the following items should be classified as capital expenditure or revenue expenditure for the purpose of preparing financial statement. i. The purchase of leasehold premises 11. iii. iv. V. vi. vii. viii. The annual depreciation of leasehold premises Solicitor's fees in connection with the purchase of leasehold premises The costs of adding extra-storage capacity to a mainframe computer used by the business Computer repairs and maintenance costs Profit on the sale of an office building Revenue from sales via credit cards ix. * X. xi. xii. The cost of new machinery procured Custom duty charged on machinery procured and imported into the country The carriage costs of transporting new machinery from the suppliers factory to the buyers premises The wages of the machine operators Cost of cleaning of the machine room XIII. Cost of oil and other materials purchased for the repairs of machine
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