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Accountıng Iı Deneme Sınavı Sorusu #975638
Accountıng Iı Deneme Sınavı Sorusu #975638
Which of the following is true about capital expenditures?
They are debited to an asset account. |
They decrease the asset’s capacity and efficiency. |
They shorten the useful life of an asset. |
They are recognized as a period expense. |
They are debited to Repairs and Maintenance Expense. |
Yanıt Açıklaması:
A capital expenditure (balance sheet expenditure) is debited to an asset account because it increases the asset’s capacity or efficiency or extends the asset’s useful life. A capital expenditure is reported on the balance sheet as an asset. The correct answer is A.
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