For the business of J. James, Wholesale Chemist, classify the following between capital and revenue expenditure: Purchase of an extra motor van Cost of rebuilding warehouse wall which had fallen down Building extension to the warehouse Painting extension to warehouse when it is first build Repainting extension to warehouse three years after (d) Carriage costs on material for new warehouse extension Carriage costs on purchases Carriage cost of sales Legal costs of collecting debts Legal charges on acquiring new premises for office Fire insurance premium Costs of erecting new machine

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For the business of J. James, Wholesale Chemist, classify the following between capital and revenue expenditure:

  • Purchase of an extra motor van
  • Cost of rebuilding warehouse wall which had fallen down
  • Building extension to the warehouse
  • Painting extension to warehouse when it is first build
  • Repainting extension to warehouse three years after (d)
  • Carriage costs on material for new warehouse extension
  • Carriage costs on purchases
  • Carriage cost of sales
  • Legal costs of collecting debts
  • Legal charges on acquiring new premises for office
  • Fire insurance premium
  • Costs of erecting new machine
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