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#25) Identify each of the following items as either a capital expenditure(C), Expense on the income statement(E) or Neither(N)
Type of Expenditure Transaction
1. Purcahse a computer and a peripheral equipment for $25,600 cash.
2. Paved a parking lot on leased property for $100,000.
3. Reparied pliumbing in main plant, paying $150,000 cash.
4. Purchse equipmenty for new manufacturing plant, $5,000,000;
financed with long-term note.
5. Paid $50,000 in cansh for installation of equipment in (4).
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