Which of the Following Should Not Be Treated as a Revenue

question 89

Multiple Choice

Which of the following should not be treated as a revenue expenditure?

• A)Delivery costs on newly purchased equipment
• B)Annual fire insurance premiums on plant and equipment
• C)Repair to an elevator of a five-year-old building
• D)The purchase of a pencil sharpener for $10 used in an office

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Definitions:

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed down from generation to generation.

Psychoactive Drug

A chemical substance that changes brain function and results in alterations in perception, mood, consciousness, cognition, or behavior.

Individual's Expectations

The beliefs or assumptions about the future events or actions held by an individual.

Drug Addict

An individual who has developed a psychological and/or physical dependence on illegal or prescription drugs.