Felix Little owns and operates Big Sky Transport Co During

Felix Little owns and operates Big Sky Transport Co. During the past year, Felix incurred the
following costs related to his 18-wheel truck.1. Replaced a headlight that had burned out.2.
Removed the old CB radio and replaced it with a newer model with a greater range.3. Replaced
a shock absorber that had worn out.4. Installed a television in the sleeping compartment of the
truck.5. Replaced the old radar detector with a newer model that detects the KA frequencies
now used by many of the state patrol radar guns. The detector is wired directly into the cab, so
that it is partially hidden. In addition, Felix fastened the detector to the truck with a locking
device that prevents its removal.6. Installed fog and cab lights.7. Installed a wind deflector on
top of the cab to increase fuel mileage.8. Modified the factory-installed turbo charger with a
special-order kit designed to add 50 more horsepower to the engine performance.9. Replaced
the hydraulic brake system that had begun to fail during his latest trip through the Rocky
Mountains.10. Overhauled the engine.Classify each of the costs as a capital expenditure or a
revenue expenditure. For those costs identified as capital expenditures, classify each as an
expenditure improving an asset or extending the life of an asset.View Solution:
Felix Little owns and operates Big Sky Transport Co During
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