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What is the difference between capital expenditure and a revenue expenditure? Give an example of each. How is gain or loss determined when disposing of

What is the difference between capital expenditure and a revenue expenditure? Give an example of each.

How is gain or loss determined when disposing of plant assets? What situation constitutes a gain? What situation constitutes a loss?

If a business changes the estimated useful life or estimated residual value of a plant asset, what must the business do in regard to depreciation expense?

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