Question: Expenditures After AcquisitionListed below are several transactions:Required:Classify each transaction as either a revenue expenditure, a capital expenditure, or neither.a . Paid $ 8 0 cash

Expenditures After AcquisitionListed 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.b

.

Paid $

40, 000

to fix structural damage to a building.c

.

Paid $

8, 000

for monthly salaries.d

.

Paid $

12, 000

to replace a manual cutting machine with a computer

-

controlled machine.e

.

Paid $

1, 000

related to the annual painting of a building.

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