An expenditure incurred to derive long term advantage is
A)Revenue expenditure
B)Expense
C)Capital expenditure
D)Deferred capital expenditure

Question

Quizplus · Accepted Answer

Capital expenditure refers to funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. This type of spending is made to derive benefits over a long period, rather than being solely for the purpose of current operations.

An Expenditure Incurred to Derive Long Term Advantage Is