Which of the following items is a capital expenditure?

By: |Published on: Dec 1|Categories: Accounting JAMB| 0 comments

A. Maintenance of office machine
B. Purchase of office stationery
C. Carriage inwards
D. Purchase of office machinery

Correct Answer:

Option D – Purchase of office machinery

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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