#21) Assume Safe Runner Products, Inc. upurchsed converyor -belt machinery. Requirement 1. Classify each of...
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Accounting
#21) Assume Safe Runner Products, Inc. upurchsed converyor -belt machinery.
Requirement
1. Classify each of the following expenditures as a capital expenditure or an immediate expense related to machinery.
Expenditure Classification
a) Purchase Price Capital Expenditure or Expense
b) Transportation and insurance while machinery is in transit
from seller to buyer
c) Sales tax paid on the purcahse price
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