For Industrial Goods, the Main Difference Between Expense and Capital

question 82

True/False

For industrial goods, the main difference between expense and capital items is the length of time they are used.

---

Definitions:

Reasonably Definite Terms

A principle that a contract must be clear enough in its terms so that the obligations of each party can be understood and enforced.

Offer

A key factor in the agreement element of a contract; consists of the terms and conditions set by one party, the offeror, and presented to another party, the offeree.

Elements

Elements are the basic components or essential parts that make up something, such as the periodic table elements in chemistry or the parts of a legal claim.

Offeree

is the person or entity to whom an offer is made, especially in the context of contracts, who has the power to accept or decline the offer presented.