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The expired portion of capital expenditure is_?

a) Asset

b) Liability

c) Expense

d) Income

Accounting Cost Accounting Finance
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Question added by Shamseer KM , Accounts and Admin Payroll , KBM Group
Date Posted: 2016/05/05
Upvote (1) Views (10) Followers (6) Answers (5) Report Question
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Muhammad Sabith
by Muhammad Sabith , Accountant , SIMORA

Income ?>.........................? or Expense ..?

Abid Shakoor
by Abid Shakoor , Manager Assurance Services , AZIM & CO CHARTERED ACCOUNTANTS

Expired portion of Capital expenditure is expense for the period

Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

c. expenses and is taken to income statement

Wasiu Lamidi
by Wasiu Lamidi , Instructor , UNITeS Networking Academy @ Federal Science and Technical College, Ilesa

The expired portion of capital expenditure is EXPENSE

Khalid AlShuail
by Khalid AlShuail , CORPORATE COMMUNICATION MANAGER , ALOULA REAL ESTATE DEVELOPMENT CO.

Expense, know as an expired capex, while asset is unexpired capex

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