You are working in the finance department of a school. The school is 15 years old. Identify
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You are working in the finance department of a school. The school is 15 years old. Identify whether the following items are capital or revenue expenditure.
1. A desk
2. Payments to a handyman for painting the classrooms
3. Payments for the paint
4. Pens, paper and pencils
5. A laptop
6. A new whiteboard to replace the old one
7. A bookcase. The classroom did not have a bookcase before
8. Two replacement bookcases for the library
9. New lino for the floors in the toilets
10. A logo at the front of the school. This is the first time the school has been able to afford a logo.
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Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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