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Which of the following is an item of capital expenditure?
(a) Research and development costs during the year
(b) Interest on borrowed fund utilized for acquisition of Office Furniture
(c) Installation charges paid in conjunction with the purchase of Office Equipment
Answer option >>>>>>>>>>>>>>>>>>> (c) Installation charges paid in conjunction with the purchase of Office Equipment
(c) Installation charges paid in conjunction with the purchase of Office Equipment
C. Installation Charges paid in conjuction with the purchase of Office Equipment. Any charges incurred in acquiring Equipment shall be added on the Cost of the Equipment
B-
Interest on borrowing to fund acquisition of furniture
