Question
Which of the following is a capital
expenditure?Solution
A capital expenditure is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset such as equipment or buildings. The overhauling cost incurred on a second hand asset is incurred to bring the asset into working order which will have a useful life in long term and is therefore is treated as capital expenditure. Concept discussed in classes many times
A gas is compressed at constant temperature. Which of the following will decrease?
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Sel...
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