Question on: WAEC Accounting - 2012
Use the following information to answer the given question
\(\begin{array}{c|c} & Le\ \hline \text{Construction and hospital wards} & 300,000\ \text{purchase of hospital beds} & 40,000 \ \text{salaries and wages}& 80,000\ \text{Purchase of drugs} & 55,000\ \text{purchases of x-ray machine} & 150,000\end{array}\)
Capital expenditure for the year was
A
Le 545,000
B
Le 490,000
C
Le 450,000
D
Le 300,000
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Correct Option: B
capital expenditures; money spent by a business or organization on acquiring or maintaining fixed assets, such as land, buildings, and equipment.
300,000 + 40,000 + 150,000 = 490,000
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