Which of the Statements Below Regarding Capital Expenditures Is TRUE

question 169

Multiple Choice

Which of the statements below regarding capital expenditures is TRUE?

• A)Capital expenditures include those that make an asset last longer.
• B)Capital expenditures maintain the operating condition of an asset.
• C)Capital expenditures include ordinary repairs.
• D)Capital expenditures decrease the carrying value of an asset.

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Definitions:

Industry Affecting Commerce

Refers to how the operations, innovations, or issues within a specific industry can impact the broader commerce sector, often influencing economic activity and regulation.

Title VII

A provision of the Civil Rights Act of 1964 that prohibits employers from discriminating against employees on the basis of sex, race, color, national origin, and religion.

Civil Rights Act

A significant United States law that prohibits discrimination on the basis of race, color, religion, gender, or nationality.

Mormon

A member of The Church of Jesus Christ of Latter-day Saints, a religious group founded in the United States in the early 19th century.