Question: Indicate whether the following expenditures would be an expense or a capital purchase: Answer with expense or capital: 1. A broken window was replaced in
Indicate whether the following expenditures would be an "expense" or a "capital" purchase:
Answer with expense or capital:
1. A broken window was replaced in the office.
2. An addition to the office was built.
3. A major repair, which extended the life of the machine, was made.
4. A transmission in a truck was replaced.
5. A wastebasket was purchased.
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