Which of the following is an example of Capital Expenditure?
A)Insurance Premium
B)Taxes and Legal expenses
C)Discount allowed
D)Customs duty on Import of Machinery

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. Customs duty on the import of machinery is a capital expenditure because it is part of the cost of acquiring a fixed asset.

Which of the Following Is an Example of Capital Expenditure