Distinguish between capital and revenue expenditures (expenses).(LO1,4)
Classify the following items as either a capital expenditure or a revenue expenditure (an expense).
a. Changed oil in the delivery truck
b. Replaced the engine in the delivery truck
c. Paid sales tax on the new delivery truck
d. Installed a new, similar roof on the office building
e. Paid freight and installation charges for a new computer system
f. Repainted the administrative offices
g. Purchased and installed a new toner cartridge in the laser printer
h. Replaced several missing shingles on the roof
i. Trained an employee prior to using the new computer system
j. Replaced the brake pads on the delivery truck
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