The detailed plan for the acquisition and replacement of major portions of property,plant,and equipment is known as the

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The detailed plan for the acquisition and replacement of major portions of property, plant, and equipment is known as the capital budget. The capital budget is a long-term budget that outlines the company's plans for investing in fixed assets such as buildings, machinery, and equipment. It is one of the most critical budgets that a company has to prepare since it determines the company's ability to produce goods and services efficiently. The purchases budget and commitments budget are specific budgets that focus on purchasing raw materials and fulfilling sales orders, respectively. The treasury budget is a financial plan that outlines the company's cash inflows and outflows.

The Detailed Plan for the Acquisition and Replacement of Major