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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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).
iv). Purchase stationery for office use amounting to RM450.
v). Acquire a building amounting to RM520,000.
vi). Repair office door amounting to RM800.
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