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nimmediate expense) ediate expense, or neither. LO 2 vices building was S7-3. (Learning Objective 2:...

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nimmediate expense) ediate expense, or neither. LO 2 vices building was S7-3. (Learning Objective 2: Distinguish a capital expenditure from an immediate ev Identify each of the following items as a capital expenditure, an immediate expense 1. Constructed a new parking lot on leased property for $300,000. 2. Paid property taxes of $75,000 for the first year a new administrative services build occupied. 3. Paid dividends of $40,000. 4. Paid interest on a six-month note payable that financed the construction of a new plant building, $550,000. 5. Purchased equipment for a new manufacturing plant, $6,000,000. 6. Paid $90,000 for the installation of the equipment in (5.) 7. Repaired plumbing in existing manufacturing plant, paying $27,000. 8. Paid $148,000 to tear down an old building on a new manufacturing plant site. 9. Purchased new network servers for $29,000. 10. Paid maintenance costs of $31,000 on the equipment in (5) during its first year of use

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