Which of the following is a characteristic of a capital budget?
A) Covers the next fiscal year
B) Sums up the depreciation of capital assets
C) Projects purchases of capital assets
D) Is comprised of departmental operating budgets

Question

Quizplus · Accepted Answer

Capital budgets focus on planning for the acquisition and investment in capital assets, such as buildings, machinery, and equipment, projecting their purchases over a period that extends beyond the next fiscal year.

Which of the Following Is a Characteristic of a Capital