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  3. e10-4 classify each of the following expenditures

E10-4 Classify each of the following expenditures as a capital expenditure or an expense related...

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Accounting

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E10-4 Classify each of the following expenditures as a capital expenditure or an expense related to machinery: (a) purchase price; (b) ordinary recurring repairs to keep the machinery in good working order; (c) lubrication of the machinery before it is placed in service; (d) periodic lubrication after the machinery is placed in service; (e) major overhaul to extend useful life by three years; (f) sales tax paid on the purchase price; (g) transportation and insurance while machinery is in transit from seller to buyer; (h) installation; (i) training of personnel for initial operation of the machinery; and (i) income tax paid on income earned from the sale of products manufactured by the machinery

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