Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Repair of transmission or engine
2. ________ Sales tax paid on the purchase price
3. ________ Training of personnel for initial operation of machinery
4, ________ Modification for new use
1. RE
2. CE
3. CE
4. CE
You might also like to view...
The Securities and Exchange Commission (SEC), created by the Congress to enforce federal securities laws, is an example of a(n) ________
A) intelligence agency B) congressional body C) judicial body D) administrative agency
Answer the following statement(s) true (T) or false (F)
The four basic types of innovation are invention, extension, duplication, and synthesis.
Assuming everything else is equal, the most cost-efficient way for ExxonMobil to transport crude oil from remote oil drilling sites in central Alaska to shipping terminals on the Alaskan coast would be
A. waterways. B. intermodal transportation. C. tanker trucks. D. railroads. E. pipelines.
Which of the following statements about cloud-based B2B systems is not true?
A) Much of the expense of the system is shifted from the B2B network provider to the firm. B) B2B network providers charge customers on a demand basis. C) Network effects apply, enabling the spreading of costs. D) Cloud-based B2B data networks can be implemented in short periods of time.