Question

Categorize each of the following as a capital expenditure or a revenue expenditure (expensed) for Dalton & Sons and explain why:
1. In accordance with the long-term maintenance plan, paid for a newly reshingled roof (replacing similar old shingles)
2. Built an annex to the building for the executive offices
3. Improved the ventilation system to increase energy efficiency in the building
4. Replaced parts in major equipment as needed



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  • CreatedSeptember 01, 2014
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