Which of the following is a capital expenditure? Select one: a. Cost to add air conditioning to a company car b. Cost to purchase three ashtrays for the company conference room c. Cost to replace spark plug on company lawnmower d. Cost to have store windows washed e. None of the above

Which of the following is a capital expenditure? Select one: a. Cost to add air conditioning to a company car b. Cost to purchase three ashtrays for the company conference room c. Cost to replace spark plug on company lawnmower d. Cost to have store windows washed e. None of the above

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 12MCQ

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Question

Which of the following is a capital expenditure?
Select one:
a. Cost to add air conditioning to a company car
b. Cost to purchase three ashtrays for the company conference room
c. Cost to replace spark plug on company lawnmower
d. Cost to have store windows washed
e. None of the above

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