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For each of the following items, indicate whether each would be treated as capital expenditure or...

For each of the following items, indicate whether each would be treated as capital expenditure or revenue expenditure. (Choices may be used more than once.)

      -       A.       B.   

Costs related to acquiring an asset, such as sales or excise taxes, transportation, insurance during shipment.
      -       A.       B.   

Paid $4,000 for an overhaul of an automobile engine.
      -       A.       B.   

Costs incurred after putting the asset into service which keep the asset in normal operating condition.
      -       A.       B.   

Paid $50 for an oil change for automobile.
A.

capital expenditure
B.

revenue expenditure
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