Paid $56,000 cash to replace a motor on equipment that extends its useful life by...
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Paid $56,000 cash to replace a motor on equipment that extends its useful life by four years. Paid $280 cash per truck for the cost of their annual tune-ups. Paid $224 for the monthly cost of replacement filters on an air-conditioning system. Completed an addition to a building for $315,000 cash. Classify the above transactions as either a revenue expenditure or a capital expenditure. Prepare the journal entries to record the four transactions from
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