Multiple Choice
Which of the following statements is incorrect?
A) Replacement of a truck's tires would be treated as a capital expenditure.
B) The cost of replacing carpet in a building would be a revenue expenditure.
C) Cost of replacing a roof on a newly purchased building before using it as a store would be a capital expenditure.
D) The cost of repainting a hallway would be a revenue expenditure.
Correct Answer:

Verified
Correct Answer:
Verified
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