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    Question

    Identify the INCORRECT statement.

    A Capital expenditure benefits more than one accounting year Correct Answer Incorrect Answer
    B Capital expenditure is incurred to maintain the earning capacity Correct Answer Incorrect Answer
    C Capital expenditure is incurred to acquire fixed assets for operation Correct Answer Incorrect Answer
    D Capital expenditure is non-recurring by nature Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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