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Question
Period of benefit of capital expenditure is ______.
Options
Only to the current accounting year
More than one year
One month
One weak
MCQ
Fill in the Blanks
Solution
Period of benefit of capital expenditure is more than one year.
Explanation:
The benefit of capital expenditure extends to more than one year. But the benefit of revenue expenditure extends only to the current accounting year.
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Difference Between Capital Expenditure and Revenue Expenditure
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