Cook Co. incurred the following costs related to the office building used in operating its sports supply company:
(a)Replaced a broken window.
(b)Replaced the rof that had been on the building for 23 years.
(c)Serviced all the air conclitioners before summer started.
(d)Replaced the air conditionerswith refrigerated air conditioners in the customer service areas.
(e)Added a warehouse to the back of the building.
(f)Repainted the interior walls.
(g)Installed window shutters on all windows.
Classify each of the costs as a capital expenditure or a revenue expenditure.

Question

Cook Co. incurred the following costs related to the office building used in operating its sports supply company:
 (a)Replaced a broken window.
(b)Replaced the rof that had been on the building for 23 years.
(c)Serviced all the air conclitioners before summer started.
(d)Replaced the air conditionerswith refrigerated air conditioners in the customer service areas.
(e)Added a warehouse to the back of the building.
(f)Repainted the interior walls.
(g)Installed window shutters on all windows.
 Classify each of the costs as a capital expenditure or a revenue expenditure.

Quizplus · Accepted Answer

The Answer of Cook Co. incurred the following costs related to the office building used in operating its sports supply company:
 (a)Replaced a broken window.
(b)Replaced the rof that had been on the building for 23 years.
(c)Serviced all the air conclitioners before summer started.
(d)Replaced the air conditionerswith refrigerated air conditioners in the customer service areas.
(e)Added a warehouse to the back of the building.
(f)Repainted the interior walls.
(g)Installed window shutters on all windows.
 Classify each of the costs as a capital expenditure or a revenue expenditure.

Cook Co Incurred the Following Costs Related to the Office Building