Question
Revenue, Capital or Neither ? 1. Installed a new elevator for $200,000 in St Jerome dorm. 2. Purchased a new battery at a cost of
Revenue, Capital or Neither ?
1. Installed a new elevator for $200,000 in St Jerome dorm.
2. Purchased a new battery at a cost of $60 for a 5-yr old delivery truck.
3.Painted a delivery truck for $250 after 4 years of use.
4. Immediately after acquiring a new delivery truck, the company paid $1200 to have the name of the restaurant and advertising material painted on the truck.
5. Paid $2500 to recondition a delivery truck after 5 years of use, including installing a new engine. The recondition is expected to extend the useful life of the truck by 10 years.
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