Link Lines Co. incurred the following costs related to trucks and vans used in operating its delivery
Question:
1. Replaced a truck's suspension system with a new suspension system that allows for the delivery of heavier loads.
2. Installed a hydraulic lift to a van.
3. Repaired a flat tire on one of the vans.
4. Removed a two-way radio from one of the trucks and installed a new radio with a greater range of communication.
5. Tinted the back and side windows of one of the vans to discourage theft of contents.
6. Changed the oil and greased the joints of all the trucks and vans.
7. Installed security systems on four of the newer trucks.
Classify each of the costs as a capital expenditure or a revenue expenditure.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Question Posted: