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Which of the following should not be treated as a revenue expenditure? A) Sales tax paid in conjunction with the purchase of office equipment. B)

Which of the following should not be treated as a revenue expenditure?

A) Sales tax paid in conjunction with the purchase of office equipment.

B) Annual fire insurance premiums on plant and equipment.

C) Research and development costs.

D) Small expenditures to acquire long-lived assets, such as $12 to purchase a wastebasket.

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