Identify the Appropriate Accounting Treatment for Each of the Payments

Short Answer

Identify the appropriate accounting treatment for each of the payments listed below using the following code:
C = Capitalize
E = Expense
N = Neither of the above
______ 1.A payment for service that maintains the working condition of a truck
______ 2.A payment for service that adds 3 years of useful life to a machine
______ 3.A payment that reduces a liability
______ 4.A payment of cash to the owners of the business
______ 5.A payment to buy an asset with a 5-year estimated useful life
______ 6.A payment to install the asset with a 5-year estimated useful life
______ 7.A payment to increase the speed of a cutting machine used in production
______ 8.A payment to decrease the cost of operating a metal molding machine
______ 9.A monthly payment to tune-up and lubricate factory equipment
______ 10.A payment to change the rubber belts on the factory conveyor system