QCAA Accounting Practice Questions - QCAA Senior Accounting Exam (Units 3 & 4) Exam

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Which of the following expenditures incurred by a business should be classified as capital expenditure rather than revenue expenditure?

Cost of purchasing and installing a new industrial assembly line machine Annual insurance premium paid for delivery trucks Routine oil change and engine service for delivery vehicles Quarterly electricity bill for the manufacturing workshop

Correct Answer:

Cost of purchasing and installing a new industrial assembly line machine

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