CAPITALEXPENDITURE

Capital expenditure

Capital expenditures are expenditures creating future benefits. A capital expenditure is incurred when a business spends money either to buy fixed assets or to add to the value of an existing fixed asset with a useful life extending beyond the taxable year.

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capital expenditure

Noun

  1. Funds spent by a company to acquire or upgrade a long-term asset.


The above text is a snippet from Wiktionary: capital expenditure
and as such is available under the Creative Commons Attribution/Share-Alike License.

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