A capital expenditure results in a debit to a (n)
A) expense account
B) capital account
C) liability account
D) asset account

Question

Quizplus · Accepted Answer

A capital expenditure is an investment in a long-term asset, such as property, plant, or equipment, that provides a benefit to the company over an extended period. As a result, it is recorded as a debit to an asset account on the company's balance sheet.

A Capital Expenditure Results in a Debit to a (N)