Identify which of the following expenditures is considered as a capital expenditure that must be capitalized (depreciated):(a) Purchase land to build a warehouse at $300,000.(b) Purchased a copy machine at $15,000.(c) Installed a conveyor system at a cost of $55,000 to automate some part of production processes.(d) Painted the office building, both interior and exterior, at a cost of $22,000.( e) Repaved the parking lot at a cost of $25,000.(f) Installed a purified water fountain in the employee lounge at a cost of$3,000.(g) Purchased a spare part for a stamping machine at a cost of $3,800.(h) Paid $12,000 to lease a dump truck for six months.(i) Purchased a patent on an energy-saving device over five years at a cost of $30,000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Identify which of the following expenditures is considered as a capital expenditure that must be capitalized (depreciated):
(a) Purchase land to build a warehouse at $300,000.
(b) Purchased a copy machine at $15,000.
(c) Installed a conveyor system at a cost of $55,000 to automate some part of production processes.
(d) Painted the office building, both interior and exterior, at a cost of $22,000.
( e) Repaved the parking lot at a cost of $25,000.
(f) Installed a purified water fountain in the employee lounge at a cost of
$3,000.
(g) Purchased a spare part for a stamping machine at a cost of $3,800.
(h) Paid $12,000 to lease a dump truck for six months.
(i) Purchased a patent on an energy-saving device over five years at a cost of $30,000.

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