One Example of a Capital Expenditure Is Ordinary Maintenance Cost

question 31

True/False

One example of a capital expenditure is ordinary maintenance cost such as an oil change for a company truck.

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Definitions:

Violates the Law

An act or omission that goes against statutory, regulatory, or case law, leading potentially to legal sanctions or penalties.

Personal Injury Insurance

Insurance coverage designed to provide compensation for physical injuries to the person insured, often covering medical expenses and lost wages.

Optional Coverage

Additional insurance coverage that a policyholder can choose to add to a basic insurance policy.

Fault

In legal context, a concept referring to responsibility or liability for wrongdoing or negligence that results in harm.