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Question 4 [20 marks] From the following information, you are required to classify the type of account whether it is an asset (capital expenditure) or an expense (revenue expenditure) and justify your classification with appropriation reasons: (1) (ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) Tyres and mirror purchased for motor vehicles Cost of additions and alternations to office building Legal costs incurred for purchase of building Purchases of goods for resale Sales promotion expenses to promote a new product Carriage inwards to bring the goods inside the factory Grading and Levelling costs incurred on a land meant for construction Enhancement of configuration to increase computer disc capacity Thumb drive for storage of accounting information Stamp duty for purchase of new office premises