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Which of the following are capital expenditure and which are revenue expenditure and why are they ? The purchase of machinery for use in the
Which of the following are capital expenditure and which are revenue expenditure and why are they ?
- The purchase of machinery for use in the business.
- Carriage paid to bring the machinery in (i) above to the works.
- Complete redecoration of the premises at a cost of $1,500.
- A quarterly account for heating.
- The purchase of a soft drinks vending machine for the canteen with a stock of soft drinks.
- Wages paid by a building contractor to his own workmen for the erection of an office inthe builder's stockyard.
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