Q:Immediately after a used truck is acquired, a new motor is installed at a total cost of $4,150. Is this a capital expenditure or revenue expenditure?Q:Biggest Company purchased a machine that has a manufacturer’s suggested life of 18 years. The company plans to use the machine on a special projectQ:On September 30, Madison River Inflatables Co. paid $1,425 to install a hydraulic lift and $35 for an air filter for one of its delivery trucks.Q:On June 9, Martin Associates Co. paid $1,300 to repair the transmission on one of its delivery vans. In addition, Martin Associates paid $600 toQ:Equipment acquired at the beginning of the year at a cost of $275,000 has an estimated residual value of $30,000 and an estimated useful life of 10Q:A building acquired at the beginning of the year at a cost of $980,000 has an estimated residual value of $60,000 and an estimated useful life of 20Q:A tractor acquired at a cost of $315,000 has an estimated residual value of $27,000, has an estimated useful life of 90,000 hours, and was operatedQ:A truck acquired at a cost of $150,000 has an estimated residual value of $40,000, has an estimated useful life of 400,000 miles, and was drivenQ:Equipment acquired at the beginning of the year at a cost of $190,000 has an estimated residual value of $30,000 and an estimated useful life ofQ:A building acquired at the beginning of the year at a cost of $820,000 has an estimated residual value of $100,000 and an estimated useful life of 50Q:A truck with a cost of $94,000 has an estimated residual value of $20,500, has an estimated useful life of 15 years, and is depreciated by theQ:Equipment with a cost of $300,000 has an estimated residual value of $42,000, has an estimated useful life of 24 years, and is depreciated by theQ:Equipment was acquired at the beginning of the year at a cost of $215,000. The equipment was depreciated using the straight-line method based on anQ:Equipment was acquired at the beginning of the year at a cost of $450,000. The equipment was depreciated using the double-declining-balance method