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Lower Ltd. incurred the following expenditures: Oil and filter change on delivery vehicle Repair to...

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Accounting

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Lower Ltd. incurred the following expenditures: Oil and filter change on delivery vehicle Repair to delivery vehicle after accident Painting new delivery vehicle immediately after purchase Repainting building hallway Planting summer flowers outside administrative building $ 155 5,750 735 2,550 675 Required: Which of the above items would be expensed versus capitalized? 1. Oil and filter change on delivery vehicle 2. Repair to delivery vehicle after accident 3. Painting new delivery vehicle immediately after purchase 4. Repainting building hallway 5. Planting summer flowers outside administrative building $ 155 5,750 735 2,550 675

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