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| Q.65 | Expenditure incurred for the purpose of acquiring long-term assets (useful life is at least more than one accounting period) for the use in business to earn profits and not meant for resale will be treated as a _______. | |
| Ans | A. revenue expenditure | |
| B. capital expenditure | ||
| C. deferred revenue expenditure | ||
| D. deferred capital expenditure |
Correct Ans Provided: B
