a. Identify the following transactions as either Capital Expenditure or Revenue Expenditure. i). Pay salary and wages for November 2020 amounting to RM6,200. ii). Purchase vehicle for business use amounting to RM145,000. iii). Depreciation expense for financial year ended 2020 amounting to RM21,000. iv). Purchase stationery for office use amounting to RM450. v). Acquire a building amounting to RM520,000. vi). Repair office door amounting to RM800.

a. Identify the following transactions as either Capital Expenditure or Revenue Expenditure. i). Pay salary and wages for November 2020 amounting to RM6,200. ii). Purchase vehicle for business use amounting to RM145,000. iii). Depreciation expense for financial year ended 2020 amounting to RM21,000. iv). Purchase stationery for office use amounting to RM450. v). Acquire a building amounting to RM520,000. vi). Repair office door amounting to RM800.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 8MC

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