sam boyer acc 291 week 2.2

sam boyer acc 291 week 2.2 - Running head REFLECTION 1...

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Running head: REFLECTION 1 Reflection Samatha Boyer Xacc/291 12/14/2014 Tameka Johnson
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REFLECTION 2 Reflection In this paper, I am going to explain the differences between revenue expenditures and capital expenditures during a useful life. As I continue forward I will explain some of the similarities between the two. To conclude this summary, I will briefly mention the entries involved with both capital and expenditures. A revenue expenditure is an amount that is expensed immediately. These amounts which are expensed, are normally matched with revenues of the current accounting period. Examples of revenue expenditures would consist of routine repairs. Routine repairs would consist of a repair and maintenance expense. (Averkamp) A capital expenditure is the amount spent to improve a long term asset. Normally accounts listed under the capital expenditures are recorded as property, plant, and equipment. All cost of the property, plant, and equipment will eventually be charged to a depreciation account.
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