Revenue expenditures:
A)Are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities.
B)Are known as balance sheet expenditures.
C)Extend the asset's useful life.
D)Substantially benefit future periods.
E)Are debited to asset accounts.

Question

Quizplus · Accepted Answer

Revenue expenditures are additional costs of plant assets that do not materially increase the asset's life or its productive capabilities. They are not capitalized and are expensed in the period in which they are incurred.

Revenue Expenditures