Problem H-3 Hb 302 SS 2020 Part 1 For each of the following purchases, does the purchase represent a capital or a revenue expenditure? a. Complete remodeling of a restaurant dining room at a cost of $80,000 b. Repainting the exterior of a delivery truck at a cost of $500 c. Purchase of a pizza oven at a cost of $18,000 d. Purchase of a dozen pencil sharpeners with a life of ten years at a total cost of $65. e. Overhaul of the engine on a tour bus at a cost of $5,000, edending the life of the bus by five years. f. Purchase of a computer system at a cost of $35,000 Part 2 Windswept Inns recently leased a building for ten years. Before opening the building for business, Windswept made $40,000 worth of improvements to the walls ceilings and carpeting. The life of the improvements is expected to be eight years. Required: Record the annual joumal entry for the amortization of the improvements