Select the True Statement

question 9

Multiple Choice

Select the true statement:

• A)Revenue expenditure is added to the cost of an asset and depreciated
• B)Capital expenditure includes costs of repairs after the asset is installed and first used
• C)Revenue expenditure provides benefits over several accounting periods
• D)Capital expenditure includes expenses to get the asset into location and ready for use

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Definitions:

Comprehensive Environmental Response

Part of a federal program designed to manage and remediate hazardous waste sites under laws like the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

Material Spills

Refers to the accidental release of substances, often hazardous, into the environment.

Environmental Impact Statement

A document prepared to describe the effects proposed projects or actions may have on the environment and society.

Proposed Action

A plan or course of action that is put forward for consideration or implementation.