Day: July 10, 2022

Which item should be treated as capital expenditure?

Select ONE answer:

1. cost of carriage on the purchase of a fixed asset
2. cost of replacement of part of a fixed asset
3. depreciation of a fixed asset
4. repairs to a fixed asset

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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