Waht principles distinguish capital vs revenue expenditure

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Problem 1: On what principles would you distinguish between capital and revenue expenditure? Illustrate your answer by reference to the following.

A) The cost of repairs and an extension to the premises.

B) Installation of a gas central heating boiler in place of an oil-fired central heating boiler.

C) Small expenditure alterations to a cigarette manufacturing machine which increased the machine's output by 20 percent.

Reference no: EM132618861

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