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Randy Bodyshop incurred the following expenditures during the year: a. Paid $2,000 for an overhaul of an automobile engine to make it last longer b.
Randy Bodyshop incurred the following expenditures during the year: a. Paid $2,000 for an overhaul of an automobile engine to make it last longer b. Paid $20,500 to improve the speed of an automatic press c. Paid $400 for routine maintenance of a truck d. Paid $80,000 to build a wing to the main office e. Paid $300 for ordinary repairs of office furniture Required: 1. Classify each expenditure as either a capital or revenue expenditure by placing a check mark in the proper column. Expenditure Capital Expenditure Revenue Expenditure a b d e
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