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For Each of the Following Items,identify Whether They Are a Capital

Question 12

Essay

For each of the following items,identify whether they are a capital expenditure or an expense:
a.Built a new elevator in the office building.
b.Acquired a trademark.
c.Incurred research and development expense to develop a patent.
d.Modified a machine,thus extending its useful life and capabilities.
e.Paid wages for the janitorial workers.
f.Paid for a new roof on the building.
g.Paid for a month's utilities in the office building.
h.Replaced the furnace in the office building.
i.Replaced the carpeting in the office building.

Correct Answer:

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a.capital expenditure
b.capit...

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