Capitol vs. Expense

clta 11 21 o l o 2 lj lfo etufl 0 tiu

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 30 In s-it:d- c.. cl...ta 1'1 ~~ 21 ~o l o 2 LJ LfO e't(Ufl~ ~ 0-{tiu..-- -eq U,fWYL.t It-t - etf2.t )~ Subsequent Expenditures: Identify which expenditures would be capitalized and which ones would be expensed. 1. 2. 3. 4. 5. 6. e e. Purchased new battery at a cost of $40 for a two-year old delivery truck. Installed an escalator at a cost of$12,500 in a three-story building which had previously been used for some years without elevators or escalators. C -e Purchas~d a pencil sharpener at a cost of $3 .50 e._ c Irnmedia e y after acquiring a new delivery truck at a cost of $5,500, paid $125 to have the name of the store and other advertising material painted on the truck. uJVtlV\ ~1c)J kv~ Painted delivery truck at a cost of$175 after two years of use. e i~ C Original life of the delivery truck had been estimated as four years and straight-line depreciation of 25% yearly had been recognized....
View Full Document

Ask a homework question - tutors are online