State whether the following expenses are capital or revenue in nature:(i) Expenses on whitewashing and painting of a building purchased to make it ready for use.(ii) ₹ 10,000 spent on constructing platform for a new machine.(iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building.(iv) Insurance premium paid as renewal premium.(v) Purchased a new car.

State whether the following expenses are capital or revenue in nature:

1.	State whether the following expenses are capital or revenue in nature:(i) Expenses on whitewashing and painting of a building purchased to make it ready for use.(ii) ₹ 10,000 spent on constructing platform for a new machine.(iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building.(iv) Insurance premium paid as renewal premium.(v) Purchased a new car.
Answer» State whether the following expenses are capital or revenue in nature: (i) Expenses on whitewashing and painting of a building purchased to make it ready for use. (ii) ₹ 10,000 spent on constructing platform for a new machine. (iii) Repair expenses of ₹ 25,000 incurred for whitewashing of factory building. (iv) Insurance premium paid as renewal premium. (v) Purchased a new car.