Which of the following is not true of capital expenditure?

By: |Published on: Aug 20|Categories: Accounting WAEC| 0 comments

i. assets acquired for the purpose of earning income

ii. extension of office building

iii. it is incurred and its full benefits consumed in one period of account

A. i
B. ii
C. i and ii
D. ii and iii
E. iii

Correct Answer:

Option E – iii

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