Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 4

Capitalizing versus expensing Riley Holdings Corp. incurred the following expenditures: $4,200 cost to replace the transmission in a company-owned vehicle; $12,400 cost of annual property insurance on the company's production facilities; $9,700 cost to develop and register a design patent; $24,600 cost to add a security and monitoring system to the company's distribution center; $500 cost to repair paint damage on a company-owned vehicle caused by normal wear and tear.
Required:
Which, if any, of these expenditures should be capitalized?