Classify Each of the Following Expenditures as Capital Expenditure (CE)or

question 209

Short Answer

Classify each of the following expenditures as capital expenditure (CE)or revenue expenditure (RE).
1.________ Ordinary recurring repairs to keep the machinery in good working order
2.________ Major overhaul to extend the useful life of a vehicle by three years
3.________ Installation costs for a new machine
4.________ Painting

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Definitions:

Projective Tests

Psychological assessments where individuals respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.

Cultural Bias

The tendency to interpret or judge human behaviors, cultures, or phenomena based on one's own cultural standards.

Deliberate Deception

The intentional act of misleading or tricking someone by providing false information or withholding the truth.

Social Desirability Bias

The tendency of survey respondents to answer questions in a manner that will be viewed favorably by others, often leading to overreporting of positive behaviors and underreporting of negative behaviors.