Which of the Following Statements Is Incorrect

question 125

Multiple Choice

Which of the following statements is incorrect?

• A)Replacement of a truck's tires would be a capital expenditure.
• B)Replacement of carpet in an office,damaged by a coffee spill,would be a repairs expense.
• C)Replacement of a roof on a newly purchased building before using it as a store would be a capital expenditure.
• D)The cost of repainting a hallway would be maintenance expense.