Which of the following would be considered a revenue expenditure?

-Cost to repair the machine which was damaged during installation

-Cost to install a new machine

-Sales tax on the cost of a new machine

-Cost the ship the machine to factory

All of the following are characteristics of plant assets except:

-held as an investment

-tangible

-used in the business

-life longer than one year

Architect's fees during construction of a building should be:

-capitalized

-expensed immediately

-treated as a revenue expenditure

-expensed at the completion of construction