Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Time left 3 : 5 7 : 5 9 Hide Question 4 Not yet answered Marked out of 2 . 0 0 Flag question A

Time left 3:57:59
Hide
Question 4
Not yet answered
Marked out of 2.00
Flag question
A business has spent R200 replacing worn out parts on a machine. How should this R200 be treated in the accounts and why?
a. As revenue expenditure because it is repairing a non-current asset
b. As capital expenditure because it is improving a non-current asset
c. As revenue expenditure because it is likely to reoccur
d. As capital expenditure because it is a small amount
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISO 9001 Audit Trail A Practical Guide To Process Auditing Following An Audit Trail

Authors: David John Seear

1st Edition

1477234896, 978-1477234891

More Books

Students also viewed these Accounting questions

Question

Prepare for a successful job interview.

Answered: 1 week ago

Question

Describe barriers to effective listening.

Answered: 1 week ago

Question

List the guidelines for effective listening.

Answered: 1 week ago