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Identify the items that follow as capital expenditures or revenue expenditures. Paid $80,000...

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Accounting

Identify the items that follow as capital expenditures or revenue expenditures.

  1. Paid $80,000 for an elevator in a converted office building.
  2. Paid $45 for a new battery in a 4 year old delivery truck.
  3. Paid $3,000 for a new engine for a 4 year old delivery truck.
  4. Paid $3,500 for installation materials and labor to place a new piece of equipment in a factory.
  5. Paid $30 for an electronic pencil sharpener.
  6. Paid a total of $2,700 during the year for fuel to operate a business vehicle.

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