Matching
XYZ Co. incurred the following costs related to the office building used in operating its sports supply company:
Classify each of the costs as a capital expenditure or a revenue expenditure.
Premises:
Replaced a broken window.
Serviced all the air conditioners before summer started.
Added a warehouse to the back of the building.
Installed window shutters on all windows.
Replaced the roof that had been on the building 23 years.
Repainted the interior walls.
Replaced the air conditioners in the customer service areas.
Responses:
Revenue expenditure
Capital expenditure
Correct Answer:
Premises:
Responses:
Replaced a broken window.
Serviced all the air conditioners before summer started.
Added a warehouse to the back of the building.
Installed window shutters on all windows.
Replaced the roof that had been on the building 23 years.
Repainted the interior walls.
Replaced the air conditioners in the customer service areas.
Premises:
Replaced a broken window.
Serviced all the air conditioners before summer started.
Added a warehouse to the back of the building.
Installed window shutters on all windows.
Replaced the roof that had been on the building 23 years.
Repainted the interior walls.
Replaced the air conditioners in the customer service areas.
Responses:
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