A school purchases a high-value multifunctional printing machine intended for long-term use and meeting applicable capit...
Type: MCQ • Marks: 1
A school purchases a high-value multifunctional printing machine intended for long-term use and meeting applicable capitalization criteria It is generally:
Options
A. Revenue expenditure
B. Capital expenditure
C. Revenue receipt
D. Transfer expenditure
Explanation
The machine is a durable asset providing service over multiple periods.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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