1 State the type of expenditure, capital or revenue, incurred in the following transactions ( a ) Break-down van purchased by a garage. ( b ) Repairs to a fruiterer’s van. ( c ) The cost of installing...

1

State the type of expenditure, capital or revenue, incurred in the following transactions

(a) Break-down van purchased by a garage.

(b) Repairs to a fruiterer’s van.

(c) The cost of installing a new machine.

(d) Cost of hiring refrigeration plant in a butcher’s shop.

(e) Twelve dozen sets of cutlery, purchased by a catering firm for a new dining-room.

(f
) A motor vehicle bought for re-sale by a motor dealer.

(g) The cost of acquiring patent rights.