Examlex
Indicate whether each of the following items normally would be considered a capital expenditure (C) or a revenue expenditure (R).
_____ 1. Replacement of shake roof with tile roof
_____ 2. Cost to replace light bulbs
_____ 3. Window-cleaning costs
_____ 4. Cost to rebuild company vehicle engine
_____ 5. Cost to construct parking lot
_____ 6. Cost of a wastebasket
Portfolio
A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.
Successive Years
Consecutive years following one after the other without interruption.
Compound-Interest GIC
A Compound-Interest Guaranteed Investment Certificate (GIC) is a financial product that pays interest on your initial investment, with the interest being compounded at specified intervals, leading to increased returns over time.
Compounded Semiannually
The calculation of interest where it is added to the principal twice a year, resulting in the interest earning interest semiannually.
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