Purchase Of Non-cureent Assests Flashcards
1
Q
Capital expenditure
A
Expenditure high results in the acquisition, replacement or improvement of non-current assets.
2
Q
Capitalisation policy
A
The businesses policy for determining when expenditure on non current assets is capitalised
3
Q
Capitalised
A
Inc the cost of a non-current asset in the sofp
4
Q
Non current asset
A
Assets acquired for long term use within the business
