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Article I,section 8 gives Congress the power to pass all laws necessary and proper to carry out its powers.These powers are known as
Capital Expenditure
A type of spending undertaken by a business to acquire or upgrade physical assets such as property, industrial buildings, or equipment.
Revenue Expenditure
Expenses incurred during the normal course of business operations, which are consumed within the same accounting period.
Office Building
A structure designed and used primarily for the conduct of business and accommodative of administrative workers.
Land
A natural resource or property without buildings that is regarded as an asset on a balance sheet, representing the ground on which any structures or improvements can be made.
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