Lord of the Fries is a fast-food restaurant in London. It is thinking about purchasing a newdeep fryer and needs your help in determining what costs can be capitalized and what costsmust be expensed.Purchase / Contract price Capitalize ExpenseMaintenance costs Capitalize ExpenseDelivery costs Capitalize ExpenseDelivery manâ€™s (assume that Lord of Capitalize ExpenseThe Fries is paying for this)Insurance on deep fryer Capitalize ExpenseInstallation costs Capitalize ExpenseCEOâ€™s Salary for Consultation on Equipment Capitalize
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