The capital expenditures budget generally covers multiple years because it involves acquiring long-term assets.

Name: The capital expenditures budget generally covers multiple years because it involves acquiring long-term assets.
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Capital expenditures budget typically spans multiple years due to the long-term nature of the assets being acquired, which may include buildings, machinery, and equipment, all of which have a useful life beyond a single year.

The Capital Expenditures Budget Generally Covers Multiple Years Because It