State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid on purchase of new machine (ii) Wages paid to install a machine (iii) Repairs carried out on existing car. (iv) Office block of building repainted for Rs 50,000. (v) Paid telephone bill Rs 2,500

State with reason whether the following are Capital or Revenue Expense

1.	State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid on purchase of new machine (ii) Wages paid to install a machine (iii) Repairs carried out on existing car. (iv) Office block of building repainted for Rs 50,000. (v) Paid telephone bill Rs 2,500
Answer» Answer :CAPITAL Expense - (i); (II); Revenue Expense - (iii), (IV) and (v)

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State with reason whether the following are Capital or Revenue Expenses, (i) Excise duty paid on purchase of new machine (ii) Wages paid to install a machine (iii) Repairs carried out on existing car. (iv) Office block of building repainted for Rs 50,000. (v) Paid telephone bill Rs 2,500

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