Aol, llc, mistakenly made public the personal information of 650,000 of its members. the members filed a suit, alleging violations of california law. aol asked the court to dismiss the suit on the basis of a "forum-selection" clause in its member agreement that designates virginia courts as the place where member disputes will be tried. under a decision of the united states supreme court, a forum-selection clause is unenforceable "if enforcement would contravene a strong public policy of the forum in which suit is brought." california has declared in other cases that the aol clause contravenes a strong public policy. if the court applies the doctrine of stare decisis, will it dismiss the suit? explain.

a.  Purchase price.  This is capital expenditure.

b.  Ordinary recurring repairs to keep the machinery in good working order.   This is revenue expenditure

c.  Lubrication before machinery is placed in service.  This is revenue expenditure.

d.  Periodic lubrication after machinery is placed in service.  This is revenue expenditure.

e.  Major overhaul to extend useful life by three years.  This is capital expenditure.

f.  Sales tax paid on the purchase price.  This is capital expenditure. However, if sales tax is refundable than this will neither be classified as capital expense nor revenue expense.

g.  Transportation and insurance while machinery is in transit from seller to buyer.  This is capital expenditure.

h.  Installation.  This is capital expenditure.

i.  Training of personnel for initial operation of the machinery. This is revenue expenditure.

Explanation:

The costs that are charge as expense in profit and loss statement in the period in which thay are incurred are known as revenue expense.

The costs that are capitalized initially and expensed out as benifits, are derived from it, are classified as capital expenditure.