Exercise 6-11 (Static) Capitalizing versus expensing LO 6-2, 6-4 For each of the following expenditures, indicate the type of account (asset or expense) in which the expenditure should be recorded. a. $22,000 annual cost of routine repair and maintenance expenditures for a fleet of delivery vehicles. b. $29,000,000 cost to develop a coal mine, from which an estimated 1 million tons of coal can be extracted. c. $176,000 cost to replace the roof on a building. d. $201,000 cost of a radio and television advertising campaign to introduce a new product line. e. $14,000 cost of grading and leveling land so that a building can be constructed.

Exercise 6-11 (Static) Capitalizing versus expensing LO 6-2, 6-4 For each of the following expenditures, indicate the type of account (asset or expense) in which the expenditure should be recorded