JAMB Accounting 2023 Objective — Question 29

Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Which of the following is a capital expenditure? A.

A. Cost of renovation of buildingCorrect
B. cost of repairing vehicles
C. Big salaries of the top management
D. cost of repairing fittings

Explanation

Usually, renovation of building comes once in a while thus, the cost of such renovation will be capitalized.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2023 Objective More Accounting past papers