Capital and Revenue Expenditures US Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Cost Classification 1. Installed GPS systems on the trucks. 2. Replaced the transmission fluid on a truck that had been in service for the past four years. 3. Overhauled the engine on one of the trucks purchased three years ago. 4. Performed annual service of installing new spark plugs, changing the oil, and greasing the joints of all trucks and vans. 5. Rebuilt the engine on one of the vans that had been driven 80,000 miles. 6. Repaired a flat tire on one of the vans. 7. Installed a hydraulic lift to a truck. 8. Tinted the back and side windows of the vans and installed a security system to discourage theft of contents. 9. Replaced a truck's suspension system with a new suspension system, allowing for heavier loads. 10. Installed an optional third-row seat on one of the vans.Classify each of the costs as a capital expenditure or a revenue expenditure.

Question

20-12-2021
Business

contestada

Capital and Revenue Expenditures US Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service: Classify each of the costs as a capital expenditure or a revenue expenditure. Cost Classification 1. Installed GPS systems on the trucks. 2. Replaced the transmission fluid on a truck that had been in service for the past four years. 3. Overhauled the engine on one of the trucks purchased three years ago. 4. Performed annual service of installing new spark plugs, changing the oil, and greasing the joints of all trucks and vans. 5. Rebuilt the engine on one of the vans that had been driven 80,000 miles. 6. Repaired a flat tire on one of the vans. 7. Installed a hydraulic lift to a truck. 8. Tinted the back and side windows of the vans and installed a security system to discourage theft of contents. 9. Replaced a truck's suspension system with a new suspension system, allowing for heavier loads. 10. Installed an optional third-row seat on one of the vans.Classify each of the costs as a capital expenditure or a revenue expenditure.

Respuesta :

ACCESS MORE

Otras preguntas

Which statement about science is true? Choose one answer. a. It assumes that the natural world works according to rules that do not change unpredictably. b.

In "The Charge of the Light Brigade," how does the poet use alliteration in lines like "Stormed with shot and shell" and "the saber stroke / Shattered and sunde

A train travels 558 miles in 3 hours. At this rate, how far does the train travel per hour?

a comparison is made of organism today and a ancient life forms what does this tell paleontologists

A salesperson will earn a commission equal to 1/32 of total sales. What is the commission earned on sales totaling 24,000

The natural tendency of molecules to move from higher to lower concentrations is solubility dissolution fermentation transport diffusion.

What type of organization is the Peace Corps?

president washington issued a declaration of nullification during the conflict between france and great britain true or false?

Which of the following describes federalism? A) State governments dominate a weak national legislature. B) State and national governments share power. C) A s

What opened kentucky to settlement

Tundexi Tundexi · Answer 1 · 2021-12-27T13:05:51+01:00

Capital Expenditure refers to those expenditure incurred for acquiring, upgrading and maintaining the firm's physical assets

Revenue Expenditure refers to those expenditure incurred for ongoing operational costs of running a firm.

1. Installed GPS systems on the trucks will be classified as Capital Expenditure

2. Replaced the transmission fluid on a truck that had been in service for the past four years will be classified as Revenue Expenditure.

3. Overhauled the engine on one of the trucks purchased three years ago will be classified as Capital Expenditure.

4. Performed annual service of installing new spark plugs, changing the oil and greasing the joints of all trucks and vans will be classified as Revenue Expenditure.

5. Rebuilt the engine on one of the vans that had been driven 80,000 miles will be classified as Capital Expenditure

6. Repaired a flat tire on one of the vans will be classified as Revenues Expenditure.

7. Installed a hydraulic lift to a truck will be classified as Capital Expenditure.

8. Tinted the back and side windows of the vans and installed a security system to discourage theft of contents will be classified as Capital Expenditure

9. Replaced a truck's suspension system with a new suspension system , allowing for heavier loads will be classified as Capital Expenditure

10. Installed an optional third - row seat on one of the vans will be classified as Capital Expenditure.