Identify the following expenditures :
-Purchased a wastebasket at a cost of $10.
A) capital expenditures
B) revenue expenditures.

Name: Identify the following expenditures : -Purchased a wastebasket at a cost of $10. A) capital expenditures B) revenue expenditures.
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Question

Quizplus · Accepted Answer

Purchasing a wastebasket for $10 is considered a revenue expenditure because it is a small, routine purchase that does not significantly extend the asset's life or enhance its value, but rather is part of the day-to-day operating expenses.

Identify the Following Expenditures