Pat's Pets Recently Paid to Have the Engine in Its

question 176

Multiple Choice

Pat's Pets recently paid to have the engine in its delivery van overhauled.The estimated useful life of the van was originally estimated to be 4 years.The overhaul is expected to extend the useful life of the van to 10 years.The overhaul is regarded as a(n) :

• A)revenue expenditure.
• B)capital expenditure.
• C)equity expenditure.
• D)matching expenditure.

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Definitions:

Ciliary Muscle

A ring-shaped muscle in the eye's middle layer (uvea) that controls the lens's shape for focusing and accommodation.

Lateral Line Organs

Specialized sensory organs in fish and amphibians, consisting of a system of fluid-filled canals and sensory hair cells to detect movement and vibration in the surrounding water.

Stereocilia

Hairlike projections on the surface of certain cells, such as those in the inner ear, involved in mechanosensation and the detection of sound vibrations.

Hair Cells

Sensory cells located in the inner ear that detect sound and head movements.