For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.

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a. Repairs to plant and machinery.

b. Legal fees on the purchase of new premises.

c. Computer repairs.

d. Annual maintenance contract on computer systems.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 15, 2021 04:37 AM

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For each of the following items of expenditure, state whether they are capital expenditure or revenue expenditure.

Question:

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a Repairs to plant and machinery Revenue expenditure b Legal fees on the purchase of new premises Ca...View the full answer

Accounting For Cambridge International AS And A Level

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