Question

Identify the following expenditures as capital expenditures or revenue expenditures.

  1. Immediately after acquiring a new delivery truck, paid$260 to have the name of the store and other advertising material painted on the vehicle.
  2. Painted delivery truck at a cost of $450 after two years of use.
  3. Purchased new battery at a c cost of $40 for two years old delivery truck

 

 

 

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