Question on: SS3 Accounting - Capital Expenditure
What is the difference between revenue and capital expenditures?
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A
Revenue expenditures are expensed immediately, while capital expenditures are depreciated over their useful life
B
Revenue expenditures are related to long-term assets, while capital expenditures are related to short-term assets
C
Revenue expenditures are optional, while capital expenditures are mandatory
D
Revenue expenditures are not recorded in the accounting system, while capital expenditures are recorded in the accounting system
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Correct Option: A
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