Replacement and renewal of fixed assets are?
FINANCIAL
JAMB 2009
Replacement and renewal of fixed assets are?
- A. revenue receipt
- B. capital receipt
- C. capital expenditure
- D. revenue expenditure
Correct Answer: C. capital expenditure
Explanation
Capital expenditures are money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
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