Determining Whether to Capitalize or Expense: Homework 5

School: Baruch College, CUNY - Course: ACCT 9110 - Subject: Accounting

Question5 CorrectMark 4.00 out of 4.00 Determining Whether to Capitalize or Expense For each of the following items, indicate whether the cost should be capitalized (C) or expensed (E) immediately: a. Paid $2,200 to refurbish a machine, thereby extending its useful life b. Purchased a patent for $6,300 c. Paid $1,800 for routine maintenance of machinery d. Paid $5,050 to rent equipment for two years e. Paid $1,980 to equip the production line with new instruments that measure quality f. Paid $18,900 to repair the roof on the building a.b.c.d.e.f.CCECCECorrect Marks for this submission: 4.00/4.00.

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