Capstone Financial Services is considering the purchase and installation of an expensive computer network.This is the type of expenditure that would be included in a(n):

Question

Quizplus · Accepted Answer

Capital budgets are used for long-term investments in assets such as equipment, property, and technology. The purchase and installation of a computer network would fall under this category as it is a large capital expenditure that will provide benefits over multiple accounting periods.

Capstone Financial Services Is Considering the Purchase and Installation of an Expensive