explain the capital expenditure
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money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
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capital expenditure
money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
Capital expenditures are the funds used to acquire or upgrade a company's fixed assets, such as expenditures towards property, plant, or equipment (PP&E). ... In accounting, a capital expenditure is added to an asset account, thus increasing the asset's basis (the cost or value of an asset adjusted for tax purposes).
ayush7946:
next question explain the non current assets
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