XYZ Co.incurred the following costs related to the office building used in operating its sports supply company:
Classify each of the costs as a capital expenditure or a revenue expenditure.
Definitions:
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts in order to check the mathematical accuracy of the accounts' balances.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals in the accounting period.
Operating Activities
Activities that relate to the primary business operations of a company, including production, sales, and delivery of the company's products and services.
Investing Activities
Transactions involving the purchase or sale of long-term assets and investments not included in cash equivalents.
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