Accounting 9706 · AS & A Level · Accounting for non-current assets

Accounting for non-current assets — practice question

A business owns a property that is let to tenants. Which of the following costs should be classified as capital expenditure?

  • Aextending the kitchen area
  • Blegal fee for a 5-year tenancy agreement
  • Crepainting the property
  • Dreplacing a water pipe

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