Matching
Classify each of the following expenditures:
Premises:
Installation costs for a new machine
Major overhaul to extend the useful life of a vehicle by three years
Ordinary recurring repairs to keep the machinery in good working order
Painting
Responses:
Revenue expenditure (RE)
Capital expenditure (CE)
Correct Answer:
Premises:
Responses:
Installation costs for a new machine
Major overhaul to extend the useful life of a vehicle by three years
Ordinary recurring repairs to keep the machinery in good working order
Painting
Premises:
Installation costs for a new machine
Major overhaul to extend the useful life of a vehicle by three years
Ordinary recurring repairs to keep the machinery in good working order
Painting
Responses:
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