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On what principles would you distinguish between capital and revenue expenditure? Illustrate your answer by reference to the following:

(a) The cost of repairs and an extension to the premises.

(b) Installation of a gas central heating boiler in place of an oil-fired central heating boiler.

(c) Small but expensive alterations to a cigarette manufacturing machine which increased the machines output by 20 per cent.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92195496

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