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Expenditure incurred to ______ the asset is capital expenditure. - Commercial Studies

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Question

Expenditure incurred to ______ the asset is capital expenditure.

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Solution

Expenditure incurred to improve the asset is capital expenditure.

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Capital Expenditure
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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 82]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 1. (iii) | Page 82
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