Expenditures After Acquisition

Listed below are several transactions:

Required:

Classify each transaction as either a revenue expenditure, a capital expenditure, or neither.

a.	Paid $80 cash to replace a minor part of an air conditioning system.	SelectRevenue expenditureCapital expenditureNeitherItem 1
b.	Paid $40,000 to fix structural damage to a building.	SelectRevenue expenditureCapital expenditureNeitherItem 2
c.	Paid $8,000 for monthly salaries.	SelectRevenue expenditureCapital expenditureNeitherItem 3
d.	Paid $12,000 to replace a manual cutting machine with a computer-controlled machine.	SelectRevenue expenditureCapital expenditureNeitherItem 4
e.	Paid $1,000 related to the annual painting of a building.	SelectRevenue expenditureCapital expenditureNeither Item 5