On June 1, Puff's Trucking Company Paid $3,000 to Overhaul

question 136

Multiple Choice

On June 1, Puff's Trucking Company paid $3,000 to overhaul the engine on a delivery truck to allow it to be used for two additional years. It also paid $75 for an oil change on the truck. Which of the following statements is true?

• A) The $3,000 is a capital expenditure and the $75 is an expense.
• B) The $3,000 is an expense and the $75 is a capital expenditure.
• C) Both items are capital expenditures.
• D) Both items are expenses.

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Definitions:

Insecure Attachment

A type of attachment characterized by fear, anxiety, or avoidance in relationships, often resulting from inconsistent caregiving in early life.

Insecure Attachments

A type of attachment style characterized by anxiety and uncertainty in relationships, often resulting from inconsistent caregiving in early childhood.

Self-reliance

The reliance on one's own powers and resources rather than those of others.

Temperament

The inherent part of an individual's personality, including mood, disposition, and adaptability.