The costs of acquiring fixed assets and bringing them into the firm is a
FINANCIAL
JAMB 2016
The costs of acquiring fixed assets and bringing them into the firm is a
- A. general expenses
- B. recurrent expenditure
- C. revenue expenditure
- D. capital expenditure
Correct Answer: D. capital expenditure
Explanation
Capital expenditure; money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
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