Identify the following expenditures :
-Oil change on a company truck.
A) capital expenditures
B) revenue expenditures.

Name: Identify the following expenditures : -Oil change on a company truck. A) capital expenditures B) revenue expenditures.
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Question

Quizplus · Accepted Answer

An oil change on a company truck is considered a revenue expenditure because it is a routine maintenance expense aimed at keeping the asset (the truck) in its normal operating condition without significantly enhancing its value or extending its life.

Identify the Following Expenditures