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:

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, typically leading to acute intoxication.

Malnourished

A state of poor nutrition caused by having too little food or an unbalanced diet lacking in essential nutrients.

Bladder Control

The ability to manage the timing of urination, a function commonly affected by age, childbirth, or medical conditions.

Neglect

A form of child abuse.