Mort is seriously considering a major expansion in the size of his funeral home. The money spent on this type of project would be classified as a(n)
A) capital expenditure.
B) equity expenditure.
C) off-budget expense.
D) depreciation charge.

Question

Quizplus · Accepted Answer

A capital expenditure is a major investment in a long-term asset such as a building, land, and equipment, or intangible assets such as patents, trademarks, and copyrights.

Mort Is Seriously Considering a Major Expansion in the Size