Are costs for operating delivery service capital expenditure

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Reference no: EM132793713

Problem 1: Are costs for operating a delivery service Capital expenditures or Revenue expenditures?

Kimbrell Freight Lines Co. incurred the following costs related to trucks and vans used in operating its delivery service:

1. Changed the oil and greased the joints of all the trucks and vans.

2. Installed a hydraulic lift to a van

3. Installed a new engine in a truck purchased three years ago

4. Repaired a flat tire on one of the vans

5. Installed a refrigeration unit on a truck to equip it to carry perishable goods

Reference no: EM132793713

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