Adding new offices to an existing office building would qualify as a capital expenditure.

Name: Adding new offices to an existing office building would qualify as a capital expenditure.
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Question

Quizplus · Accepted Answer

Capital expenditures are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment. Adding new offices to an existing building is an upgrade and thus qualifies as a capital expenditure.

Adding New Offices to an Existing Office Building Would Qualify