An Expenditure That Increases an Asset's Capacity or Extends Its

question 70

Multiple Choice

An expenditure that increases an asset's capacity or extends its useful life is a(n) :

• A) capital expenditure.
• B) expense.
• C) addition.
• D) improvement.

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Definitions:

Quantity

The amount or number of a material or immaterial thing not considering its quality or nature.

Timeliness

The quality of being done or occurring at a favorable or appropriate time.

Performance Management

A continuous process of setting objectives, assessing progress, and providing on-going feedback to ensure that employees are meeting their targets and career goals.

Performance Planning

The process of setting performance expectations and goals for teams or individuals to guide their work and evaluate their success.