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Q. |
Which of the following should not be treated as revenue expenditure? |
A. | Interest on loans and debentures |
B. | Annual fire insurance premiums on Plant and Equipment |
C. | Sales tax paid in connection with the purchase of office equipment |
D. | Small expenditures on long- lived assets, such as ` 20 for a paper weight. |
Answer» C. Sales tax paid in connection with the purchase of office equipment |
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