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Q1) Tellor INC bought new machinery to improve its production process. Categorize each of the given expenditures incurred last year as capital expenditure (CE) or immediate expense (IE).

a. $4,200 purchase price.

b. $2,520 sales tax paid on the purchase price.

c. $4,000 transportation cost.

d. $1,850 installation.

e. $385 training of personnel for initial operation of machinery.

f. $6,855 for wages paid to employees that operated machinery in production.

g. $280 lubrication after the machinery is placed in service.

h. $150 ordinary repairs to maintain machinery in working order.

Provide value of new machinery, and prepare financial statement in which it will be shown at fiscal year.

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