Identify the following expenditures as capital expenditures or revenue expenditures: a.Immediately after acquiring a new delivery truck, paid $260 to have the name of the store and other advertising material painted on the vehicle. b.Painted delivery truck at a cost of $450 after two years of use. c.Purchased new battery at a cost of $40 for two-year-old delivery truck. d.Installed an escalator at a cost of $17,500 in a three-story building that had been used for some years without elevators or escalators. e.Purchased a pencil sharpener at a cost of $15. f.Original life of the delivery truck had been estimated at four years, and straight-line depreciation of 25% yearly have been recognized. After three years use, however, it was decided to recondition the truck thoroughly, including replacing the engine.

Question

29-10-2021
Business

contestada

Identify the following expenditures as capital expenditures or revenue expenditures: a.Immediately after acquiring a new delivery truck, paid $260 to have the name of the store and other advertising material painted on the vehicle. b.Painted delivery truck at a cost of $450 after two years of use. c.Purchased new battery at a cost of $40 for two-year-old delivery truck. d.Installed an escalator at a cost of $17,500 in a three-story building that had been used for some years without elevators or escalators. e.Purchased a pencil sharpener at a cost of $15. f.Original life of the delivery truck had been estimated at four years, and straight-line depreciation of 25% yearly have been recognized. After three years use, however, it was decided to recondition the truck thoroughly, including replacing the engine.

Respuesta :

Otras preguntas

why humans are interested in monitoring tides. What impact do tides have on human life? What impact might tides have on other organisms?

In the chapter of the book wonder The Auggie Doll provide 4 pieces of evidence that prove things are improving for August.

what percent of 300 is 51?

1. A flowering plant contains its seeds inside _______. A) ovaries B) roots C) spores D) cones

How was the independence movement in canada different from those in latin america

A submarine descends 100 meters from the oceans surface.the submarine ascends 40 meters and then descends 90 meters. write an integer that represents the return

Which observation proves that a cell is a prokaryote? a. it does not have a cytoskeleton b.it does not have a nucleus c.it has a cell membrane d.it has c

What is the vertex of the parabola given by the equation y = x2 + 4? (2, 8) (-2, 8) (0, 4) (4, 0) (0, 0)

The archaeologists 'term"correlated age" means

What does the concept of microeconomics focuses on?

ACCESS MORE EDU ACCESS

ewomazinoade ewomazinoade · Answer 1 · 2021-11-10T11:11:55+01:00

The following are capital expenditures:

Immediately after acquiring a new delivery truck, paid $260 to have the name of the store and other advertising material painted on the vehicle.

Installed an escalator at a cost of $17,500 in a three-story building that had been used for some years without elevators or escalators.

Original life of the delivery truck had been estimated at four years, and straight-line depreciation of 25% yearly have been recognized. After three years use, however, it was decided to recondition the truck thoroughly, including replacing the engine.

The following are revenue expenditures:

Painted delivery truck at a cost of $450 after two years of use.
Purchased new battery at a cost of $40 for two-year-old delivery truck.
Purchased a pencil sharpener at a cost of $15.

Capital expenditures are the monies spent on the purchase, upgrade and maintenance of physical assets. Capital expenditures are capitalized on the balance sheet.

Revenue expenditures are short-term expenses. It includes the money spent on the operations and running of the business. Revenue expenditures are usually expensed on the income statement.

To learn more, please check: https://brainly.com/question/15803851