Sales tax on the purchase of equipment     Purchase of cleaning supplies to clean the company's microwave     A special concrete foundation that was poured specifically for a new piece of equipment     Installation costs for installing a new piece of equipment     General maintenance costs for a piece of equipment that has been in service for ten years     Routine oil change for a van      Repair of damage incurred on a new piece of equipment while the new equipment was being brought into the company's office     Attorney's fees incurred to review the purchase agreement for a new piece of equipment     Installation of a parking lot around a retail buildling     Freight costs for the delivery of a purchased used printing press

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 39P
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Which of the following would be considered capital expenditures (debit to an asset)?

   

Sales tax on the purchase of equipment

   

Purchase of cleaning supplies to clean the company's microwave

   

A special concrete foundation that was poured specifically for a new piece of equipment

   

Installation costs for installing a new piece of equipment

   

General maintenance costs for a piece of equipment that has been in service for ten years

   

Routine oil change for a van 

   

Repair of damage incurred on a new piece of equipment while the new equipment was being brought into the company's office

   

Attorney's fees incurred to review the purchase agreement for a new piece of equipment

   

Installation of a parking lot around a retail buildling

   

Freight costs for the delivery of a purchased used printing press

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