Q. Investment in public works is known as
- capital expenditure
- current expenditure
- revenue expenditure
- either (a)or (b)
Answer: Capital Expenditure
Capital Expenditure
Capital expenditure or capital expense (capex or CAPEX) is the money a company spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof.Investment in public works is known as Capital Expenditure
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