Fleming Company Purchased a Machine on January 1, 2018

question 14

Essay

Fleming Company purchased a machine on January 1, 2018. In addition to the purchase price paid, the following additional costs were incurred: (a) sales tax paid on the purchase price, (b) transportation and insurance costs while the machinery was in transit from the seller, (c) personnel training costs for initial operation of the machinery, (d) annual city operating license, (e) major overhaul to extend the life of the machinery, (f) lubrication of the machinery gearing before the machinery was placed into service, (g) lubrication of the machinery gearing after the machinery was placed into service, and (h) installation costs necessary to secure the machinery to the building flooring.
Instructions
Indicate whether the items (a) through (h) are capital or revenue expenditures in the spaces provided: C = Capital, R = Revenue.

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Definitions:

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The practice of promoting products, services, or brands through various media channels, including television, radio, the internet, and social media.

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The general population or community at large, especially as the audience for media, events, and public information.

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Media or material that is suitable for a person's age level, ensuring it is appropriate for their development and understanding.