Expenditure incurred to maintain an asset's earning capacity is called

Accounts - Principles of Accounts

WAEC 1995

A. capacity expenditure
B. revenue expenditure
C. general expenditure
D. tangible expenditure
E. intangible expenditure

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Correct Answer: Option B

Explanation

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Expenditure incurred to maintain an asset's earning capacity is called

Correct Answer: Option B

Explanation

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