The following costs are associated with running a business van which is now five years old. Classify

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The following costs are associated with running a business van which is now five years old.

Classify the costs into either capital or revenue expenditure.

(a) Customising the interior of the van for business purposes

(b) Road insurance for the driver

(c) Road tax

(d) Petrol costs

(e) Obtaining an MOT

(f ) Painting the van in the business colours

(g) Installing satellite navigation system for business use

(h) Replacement tyres.

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Frank Woods Business Accounting Basics

ISBN: 9780273725008

1st Edition

Authors: Frank Wood, Mr David Horner

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Question Posted: Mar 08, 2024 07:01 AM

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The following costs are associated with running a business van which is now five years old. Classify

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Frank Woods Business Accounting Basics

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