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Scott Drilling Company owns an oil and gas drilling rig. The company is continually spending money to repair, maintain, refurbish, and upgrade this unit.
Scott Drilling Company owns an oil and gas drilling rig. The company is continually spending money to repair, maintain, refurbish, and upgrade this unit. Below is a listing of various costs incurred. Indicate, by placing check marks in the appropriate boxes, if each cost is a "capital" or "revenue" expenditure. If a capital item, indicate whether the cost is more likely considered to be a "replacement" or a "betterment."
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