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Capital expenditure is an expenditure which
Accountingmedium
ABenefits the current accounting period
BWill benefit the next accounting period
Results in the acquisition of a permanent asset
DResults in the acquisition of a current asset A capital expenditure is a non- recurring expenditure whose benefit lasts for more than one accounting period. Example is the acquisition of a fixed or permanent assets.
Correct Answer: C. Results in the acquisition of a permanent asset
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