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Purchasing inventory can be recognized - yes or no

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Reference no: EM133012395

Question 1: A capital expenditure is put on the balance sheet as a liability. True or False

Question 2: The useful life of a capital asset can be less than one year. True or False

Question 3: Purchasing inventory can be recognized as a capital expenditure. Yes or No

Question 4: Purchasing new windows for your retail store can be recognized as a capital expenditure. Yes or No

Question 5: A bakery purchases new ovens that will last for 4-5 years, this can be recognized as a capital expenditure. Yes or No

Question 6: Purchasing a new computer software that will improve your company's efficiency over the next ten years can be recognized as a capital expenditure. Yes or no

Reference no: EM133012395

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