Lord of the Fries is a fast-food restaurant in London

| March 14, 2016

Lord of the Fries is a fast-food restaurant in London. It is thinking about purchasing a new

deep fryer and needs your help in determining what costs can be capitalized and what costs

must be expensed.

Purchase / Contract price Capitalize Expense

Maintenance costs Capitalize Expense

Delivery costs Capitalize Expense

Delivery man’s (assume that Lord of Capitalize Expense

The Fries is paying for this)

Insurance on deep fryer Capitalize Expense

Installation costs Capitalize Expense

CEO’s Salary for Consultation on Equipment Capitalize

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