The classification of the various capital equipment requests must be based on certain common characteristics. Although equipment classification varies from company to company, capital projects are frequently grouped according to the following categories:
Replacementsxpansion (new products)xpansion (existing products)
Other (heating system for plant)
Other (new construction)
Other (renovation)

Question

Quizplus · Accepted Answer

The statement correctly describes the common categories based on which capital equipment requests are classified in most companies.

The Classification of the Various Capital Equipment Requests Must Be