State with reasons 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 ₹ 50,000.(v) Paid telephone bill ₹ 2,500.

State with reasons whether the following are Capital or Revenue Expens

1.	State with reasons 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 ₹ 50,000.(v) Paid telephone bill ₹ 2,500.
Answer» State with reasons 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 ₹ 50,000. (v) Paid telephone bill ₹ 2,500.

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State with reasons 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 ₹ 50,000.(v) Paid telephone bill ₹ 2,500.

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