Should the following be capitalized or expensed?
$400 for repairing damage that resulted from the careless unloading of a new machine.
$4,000 cost of designing and registering a trademark.
$2800 in legal fees incurred to perform a title search for the acquisition of land.
$800 cost of patching a lead in the roof of a building.
$180,000 cost of salaries paid to the research and development staff.
For your review, I have attached a MS Word file containing assistance for the posted request.
Capitalizing versus Expensing
1) $400 for repairing damage that resulted from the careless unloading of a new machine. -Since the new machine has not ...
The response includes in-line text and an attached Word file contains classical illustrations in regards to the types of transactions that should be capitalized or expensed.