Purchases of buildings and equipment are formally planned in the
A)depreciation budget.
B)budgeted balance sheet.
C)selling and administrative expense budget.
D)capital expenditures budget.

Question

Quizplus · Accepted Answer

Purchases of buildings and equipment are considered capital expenditures and are formally planned in the capital expenditures budget. This budget outlines the expected amount of capital expenditures to be made during a certain period, usually one year.

Purchases of Buildings and Equipment Are Formally Planned in the