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Which are capital expenditure

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Reference no: EM132585182

Question 1: Which of the following are capital expenditure and which are revenue expenditure and why are they ?

  1. The purchase of machinery for use in the business.
  2. Carriage paid to bring the machinery in (i) above to the works. 
  3. Complete redecoration of the premises at a cost of $1,500.
  4. A quarterly account for heating. 
  5. The purchase of a soft drinks vending machine for the canteen with a stock of soft drinks. 
  6. Wages paid by a building contractor to his own workmen for the erection of an office in the builder's stockyard.

Reference no: EM132585182

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