Which one of the following is NOT true about capital expenditure? Options: A . &nbspCreates future benefits B . &nbspIncurred to acquire fixed assets C . &nbspIncurred to increase the economic life of existing fixed assets D . &nbspReduce the profit of the concern

Which one of the following is NOT true about capital expenditure?

Question

Which one of the following is NOT true about capital expenditure?

Options:

A . Creates future benefits

B . Incurred to acquire fixed assets

C . Incurred to increase the economic life of existing fixed assets

D . Reduce the profit of the concern

Answer: Option D

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