JAMB Accounting 2017 Objective — Question 22

Question 22 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

The cost of acquiring fixed assets and bringing them into the firm is

A. A. general expenses
B. B. revenue expenditure
C. C. capital expenditureCorrect
D. D. recurrent expenditure

Explanation

The cost of the asset and related costs to bring it into use form part of the capital expenditure of acquiring that asset.

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