Whitetree Company is reviewing its accounting policies for the year, especially as they relate to expenditures on fixed assets after the assets have been purchased. Required: Determine whether each of the following is a capital expenditure or a revenue expenditure. Ignore issues of materiality. Capital Expenditure Revenue Expenditure 1. Replaced and updated the antiquated, out of-date electrical system in building with a 2. Changed oil in company president's vehicle 3. Adding a re-writable CD ROM to existing computer 4. Overhaul the engine of a company's vehicle Clear Undo Help Next >> I don't know