: After each description below please state if the expenditure should be capitalized or expensed on the company's books and records at the time the expenditure occurs. - a. On January 1, 2015 the company purchased a machine for $20,000 cash. They expect the machine to last five years. O 2 b. Before they could use the machine they paid $2,000 to ship the machine to their location m in 6 c. They paid $3,000 to have the machine installed in their machine shop N 00 od. They paid $1,000 to paint the machine in the company colors when it was purchased. om 4 e. After they started using the machine they paid $1,500 to replace drive belts and to oil the machine to keep the machine running normally. 1000 f. After three years of routine use they paid $500 to repaint the machine to cover up the scratches after 2,500 hours of usage just to make it look better to the customers. Nm 4 g. After five years of use the company overhauled the machine to get three more years of use out of it. UI