Question

24. Which statement is true about capital expenditure? A It consists of the purchase of goods for resale. B It includes the costs of operating a non-current asset. It involves the buying of an asset to be used in the business for more than a year. D It should be written off during the year in which the expenditure arises.

Answer 1

B is most true

Step-by-step explanation:

Captial expenditure is the amount of money is spent on assets such as buildings and cars that an entity or MNC owns.

B fits this the most, an argument could be made for where I think you meant to put C

"It involves the buying of an asset to be used in the business for more than a year."

but I believe B fits the most.

Answer 2

A

Step-by-step explanation: