Final answer:
The statement that the benefits from capital expenditures extend beyond one year's time is true, as these investments in physical assets like buildings or equipment are made for long-term strategic purposes.
Step-by-step explanation:
The benefits from capital expenditures extend beyond one year's time. The statement is True. Capital expenditures refer to the funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. These kinds of investments are made for long-term strategic purposes and the benefits are expected to extend beyond just one fiscal year. This contrasts with regular expenses or operational expenditures, which are typically consumed within the same fiscal year they are incurred. For example, the cost associated with building a new factory is a capital expenditure because the factory will be used to produce goods and generate revenue for many years. Similarly, when a company invests in new technology systems, the benefits from improved efficiency and productivity are anticipated to last over several years, not just within a single fiscal year.