Question

a machinery costing 60000 is purchased is a a) revenue expenditure. b) capital expenditure c) deffered revenue expenditure d) none of these​

Answer 1

Answer:

Option b) capital expenditure

Explanation:

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Answer 2

Concept: Capital expenditure are those expenses which occurred on Fixed or tangible assets. Those assets which time period have more than 1 financial or calendar year.

Given: A machine purchased by someone was Rs. 60,000.

Find: Choose the correct option.

Solution: Purchase of machinery is a capital expenditure because machinery is a fixed asset and it will be used for more than one financial or calendar year also.

Final answer: b) capital expenditure.

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