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Which of the following is responsible for the webbed feet of ducks?
Revenue Expenditures
Expenditures that are immediately charged against revenues as an expense.
Ordinary Repairs
Expenditures to maintain the operating efficiency and productive life of the unit.
Capital Expenditures
Capital employed by a business to buy or enhance tangible assets like land, factories, or machinery to boost long-term business activities.
Period of Ownership
The duration for which an asset is owned by an individual or entity, affecting capital gains for tax purposes.
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