Indicate which of the following costs should be expensed when incurred. a. $13,000 paid to rearrange and reinstall machinery. b. $200,000 paid for addition to building. c. $200 paid for tune-up and oil change on delivery truck. d. $7,000 paid to replace a wooden floor with a concrete floor. e. $2,000 paid for a major overhaul on a truck, which extends the useful life.

The answer is c.$200 paid for tune-up and oil change on delivery truck.

Explanation:

In the question, it is essential to identify whether a money amount paid for the operating/upgrading of fixed asset is recorded as cost or is allowed to be capitalized ( i.e recorded as increment in asset's value).

In general, when a money amount consumed on fixed asset has not been used-up within an accounting period and it is not part of frequent maintenance, for example for improving the quality thus the value of the asset and/or extending its useful life; put the asset to new position required for future production, then the amount should be capitalized to keep the new value of the asset up-to-date.

While cost incurred due to normal course of asset's operation and does not help to improve the asset's value, useful life, should be recorded as cost.

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c