what do you mean by capital budgeting? explain the steps of capital budgeting.
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Explanation:
Capital budgeting is a company’s formal process used for evaluating potential expenditures or investments that are significant in amount.
FEATURES OF CAPITAL BUDGETING
1) It involves high risk
2) Large profits are estimated
3) Long time period between the initial investments and estimated return
It involves the decision to invest the current funds for addition, disposition, modification or replacement of fixed assets.
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