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Business, 01.11.2019 04:31 Jgarciar6841

Identify each of the following items as either a capital expenditure (c), expense on the income statement (e), or neither (n): 1. paid property taxes of $75,000 for the first year the new building is occupied. 2. paid interest on construction note for new plant building, $550,000. 3. repaired plumbing in main plant, paying $270,000 cash. 4. purchased equipment for new manufacturing plant, $6,000,000; financed w/long term note. 5. paid dividends of $40,000. 6. purchased a computer and peripheral equipment for $29,000 cash. 7. paved a parking lot on leased property for $300,000. 8. paid $90,000 in cash for installation of equipment in (4). 9. paid $148,000 to tear down old building on new plant site. 10. paid $31,000 maintenance on equipment in (4) during its first year of use.

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