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Select the most appropriate answer from the alternatives given below and rewrite the sentence: The amount spent on installation of new machinery is a ............... expenditure. - Book Keeping and Accountancy

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MCQ

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

The amount spent on installation of new machinery is a ______ expenditure.

Options

  • Revenue

  • Capital

  • Deferred Revenue

  • Income

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Solution

The amount spent on installation of new machinery is a Capital expenditure.

Concept: Methods of Depreciation
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