Question

Definition of capital expenditure in accounting terms

Answer 1

Capital expenditure is the money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.

Answer 2

Capital expenditure or capital expense (capex) is the money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof.

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