Question

classify the following as capital and revenue expediture (a)installation charges of machinery (b)annual repairs of buildings (c) wages for the constraction of new building (d) bought furniture for business ​

Answer 1

Answer:

Capital Expenditure:

1.Installation charges of machinery.

2.Wages for construction of new building.

3.Bought furniture for business.

Revenue Expenditure:

1.Annual repairs of buildings.

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