Advertisements
Advertisements
Question
State, whether you would consider the following as Capital Expenditure or Revenue Expenditure.
Legal fees paid to acquire a building.
One Line Answer
Advertisements
Solution
Capital Expenditure
Reason:
Capital Expenditure refers to expenses related to the acquisition of a fixed asset.
shaalaa.com
Is there an error in this question or solution?
Chapter 6: Capital and Revenue Expenditure/Income - PRACTICAL PROBLEMS [Page 85]
